Company: LBTYK
Filing Date: 2025-06-17
Form Type: 11-K
Source: 0001570585-25-000163
Chunk: 7

Company: Liberty Global Ltd.
Filing Date: 2025-06-17
Form: 11-K
Chunk 7
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LIBERTY GLOBAL 401(K) SAVINGS & STOCK OWNERSHIP PLAN</div>

### Notes to Financial Statements — (Continued)

#### December 31, 2024
processed on a daily basis. Benefits may be paid in a lump-sum or in installments, and employer shares may be received in-kind. In-kind distributions are priced at fair value and are accounted for when shares are transferred by the Trustee to participants. Certain other in-service distributions are allowed if certain criteria are met.

#### Vesting
Participant contributions are always fully vested. Participants acquire a vested right in employer matching contributions as follows:

| Years of service |     | Vesting percentages |     |      |
| Less than 1      |     |                     |     | —%   |
| 1                |     |                     |     | 33%  |
| 2                |     |                     |     | 66%  |
| 3 or more        |     |                     |     | 100% |

For employees who have not been employed with LGI for at least three years, employer contributions become fully vested when a participant (i) attains the normal retirement age of 65, (ii) terminates employment due to total disability or (iii) dies.

#### Plan Termination
Although LGI has not expressed any intent to terminate the Plan, it may do so at any time, subject to the provisions of ERISA. The Plan provides for full and immediate vesting of all participant rights upon termination of the Plan.

#### Participant Accounts
Participant accounts are credited with the participant’s contributions, employer contributions and earnings on investments and are charged with participant withdrawals, losses on investments, distributions and loan and distribution fees. The investment earnings or losses of each investment fund are allocated to each participant’s account in accordance with the Plan document.

(2)

#### Summary of Significant Accounting Policies

#### Basis of Presentation
The accompanying financial statements of the Plan have been prepared on the accrual basis and present the net assets available for Plan benefits and the changes in those net assets.

#### Investments
Investments are reflected in the accompanying financial statements at fair value. The Plan Committee (as defined in the Plan document) determines the Plan’s valuation policies utilizing information provided by the investment advisors, the custodian and the Trustee. For additional information, see note 3.

Net appreciation or depreciation in the fair value of investments as reflected in the accompanying statement of changes in net assets available for Plan benefits is determined as the difference between