# EDGAR Filing Document

**Accession Number:** 0001611983
**File Stem:** 0001225208-25-006750
**Filing Date:** 2025-7
**Character Count:** 8827
**Document Hash:** c1d34214963b04ca062fc7f6b1dc930f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001225208-25-006750.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001225208-25-006750

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250717

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** WELSH JOHN E III
- **CENTRAL INDEX KEY:** 0001180040

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36713
- **FILM NUMBER:** 251144040

**MAIL ADDRESS:**
- **STREET 1:** AVALON CAPITAL PARTNERS
- **STREET 2:** 181 MAIN ST
- **CITY:** COLD SPRING HARBOR
- **STATE:** NY
- **ZIP:** 11724
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Liberty Broadband Corp
- **CENTRAL INDEX KEY:** 0001611983
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 471211994
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 12300 LIBERTY BLVD
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80112
- **BUSINESS PHONE:** 720-875-5400

**MAIL ADDRESS:**
- **STREET 1:** 12300 LIBERTY BLVD
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80112

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>WELSH JOHN E III<br><sub>(Last) (First) (Middle)</sub><br>12300 LIBERTY BLVD.<br><sub>(Street)</sub><br>ENGLEWOOD, CO 80112<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-07-17 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Liberty Broadband Corp [ LBRDK ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option - LBRDK (Right to Buy) | $76.7600 | 2025-07-17 |  | J<sup>(1)</sup> |  | 3494 |  | <sup>(2)</sup> | 2025-12-06 | Series C Common Stock | 3494 | 0<sup>(1)</sup> | 3494 | D |  |
| Stock Option - LBRDK (Right to Buy) | $153.5800 | 2025-07-17 |  | J<sup>(1)</sup> |  | 2242 |  | <sup>(2)</sup> | 2027-12-07 | Series C Common Stock | 2242 | 0<sup>(1)</sup> | 2242 | D |  |
| Stock Option - LBRDK (Right to Buy) | $147.3300 | 2025-07-17 |  | J<sup>(1)</sup> |  | 2961 |  | <sup>(2)</sup> | 2028-12-07 | Series C Common Stock | 2961 | 0<sup>(1)</sup> | 2961 | D |  |
| Stock Option - LBRDK (Right to Buy) | $110.2400 | 2025-07-17 |  | J<sup>(1)</sup> |  | 2841 |  | <sup>(2)</sup> | 2026-12-10 | Series C Common Stock | 2841 | 0<sup>(1)</sup> | 2841 | D |  |
| Stock Option - LBRDK (Right to Buy) | $71.1700 | 2025-07-17 |  | J<sup>(1)</sup> |  | 3243 |  | <sup>(2)</sup> | 2030-12-11 | Series C Common Stock | 3243 | 0<sup>(1)</sup> | 3243 | D |  |
| Stock Option - LBRDK (Right to Buy) | $83.3700 | 2025-07-17 |  | J<sup>(1)</sup> |  | 6184 |  | <sup>(2)</sup> | 2029-12-12 | Series C Common Stock | 6184 | 0<sup>(1)</sup> | 6184 | D |  |
| Stock Option - LBRDK (Right to Buy) | $82.4600 | 2025-07-17 |  | J<sup>(1)</sup> |  |  | 3253 | 2019-12-06 | 2025-12-06 | Series C Common Stock | 3253 | 0<sup>(1)</sup> | 0 | D |  |
| Stock Option - LBRDK (Right to Buy) | $164.9900 | 2025-07-17 |  | J<sup>(1)</sup> |  |  | 2087 | 2021-12-07 | 2027-12-07 | Series C Common Stock | 2087 | 0<sup>(1)</sup> | 0 | D |  |
| Stock Option - LBRDK (Right to Buy) | $158.2700 | 2025-07-17 |  | J<sup>(1)</sup> |  |  | 2757 | 2022-12-07 | 2028-12-07 | Series C Common Stock | 2757 | 0<sup>(1)</sup> | 0 | D |  |
| Stock Option - LBRDK (Right to Buy) | $118.4300 | 2025-07-17 |  | J<sup>(1)</sup> |  |  | 2645 | 2020-12-10 | 2026-12-10 | Series C Common Stock | 2645 | 0<sup>(1)</sup> | 0 | D |  |
| Stock Option - LBRDK (Right to Buy) | $76.4500 | 2025-07-17 |  | J<sup>(1)</sup> |  |  | 3019 | 2024-12-11 | 2030-12-11 | Series C Common Stock | 3019 | 0<sup>(1)</sup> | 0 | D |  |
| Stock Option - LBRDK (Right to Buy) | $89.5600 | 2025-07-17 |  | J<sup>(1)</sup> |  |  | 5757 | 2023-12-12 | 2029-12-12 | Series C Common Stock | 5757 | 0<sup>(1)</sup> | 0 | D |  |

---

### Footnotes:

(1) On July 14, 2025, Liberty Broadband Corporation completed the spin-off of GCI Liberty, Inc. (the "Spin-Off"), which was effected by the distribution to each holder of its common stock as of 5:00 p.m., New York City time, on June 30, 2025, of 0.20 of a share of GCI Liberty, Inc.'s Series A, Series B and Series C GCI Group common stock for each whole share of the corresponding series of Liberty Broadband Corporation's common stock, with cash (with no interest) paid in lieu of fractional shares.  In connection with the Spin-Off, all stock options held by the Reporting Person in the Issuer's Series C Common Stock were adjusted in a manner designed to preserve the value associated with the original awards prior to the Spin-Off.  The number of shares and the exercise price for each adjusted award were determined on July 17, 2025.  Otherwise, such award remains subject to the terms and conditions of the corresponding original award.

(2) This option award is fully exercisable.

**Remarks:**
The adjustments described above were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

**Signature:** /s/ Brittany A. Uthoff as Attorney-in-Fact for John E. Welsh, III  
**Date:** 2025-07-23

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**