SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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X
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*
Frist Julie D.

(Last)(First)(Middle)
12300 LIBERTY BLVD.

(Street)
ENGLEWOOD COLORADO 80112

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Liberty Broadband Corp [ LBRDK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Series C Common Stock08/19/2026D3,374D$0.0000(1)0.0000IBy Annabel D. Frist 2003 Trust(2)
Series C Common Stock08/19/2026D20,836D$0.0000(1)0.0000IBy Annabel D. Frist 2021 FCT(3)
Series C Common Stock08/19/2026D3,299D$0.0000(1)0.0000IBy Caroline M. Frist 2001 Trust(2)
Series C Common Stock08/19/2026D20,843D$0.0000(1)0.0000IBy Caroline M. Frist 2021 FCT(3)
Series C Common Stock08/19/2026D574D$0.0000(1)0.0000IBy John M. Damgard 2012 Trust(4)
Series C Common Stock08/19/2026D558D$0.0000(1)0.0000IBy Lily M. Damgard 2012 Trust(4)
Series C Common Stock08/19/2026D601,507D$0.0000(1)0.0000IBy Spouse(5)
Series C Common Stock08/19/2026D574D$0.0000(1)0.0000IBy Theodor D. Damgard 2012 Trust(4)
Series C Common Stock08/19/2026D466,472D$0.0000(1)0.0000IBy Thomas F. Frist III 2007 Family Trust(6)
Series C Common Stock08/19/2026D4,924D$0.0000(1)0.0000IBy Thomas F. Frist III 2011 Family Trust(6)
Series C Common Stock08/19/2026D3,434D$0.0000(1)0.0000IBy Thomas F. Frist IV 2005 Trust(2)
Series C Common Stock08/19/2026D20,861D$0.0000(1)0.0000IBy Thomas F. Frist IV 2021 FCT(3)
Series A Common Stock08/19/2026D85D$0.0000(1)0.0000IBy Trusts(7)
Series C Common Stock08/19/2026D450D$0.0000(1)0.0000IBy Trusts(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option - LBRDK (Right to Buy)$153.5808/19/2026D4,484 (8)12/07/2027Series C Common Stock4,484$0.0000(9)0.0000D
Stock Option - LBRDK (Right to Buy)$147.3308/19/2026D3,949 (8)12/07/2028Series C Common Stock3,949$0.0000(9)0.0000D
Stock Option - LBRDK (Right to Buy)$104.5308/19/2026D4,498 (8)12/10/2026Series C Common Stock4,498$0.0000(9)0.0000D
Stock Option - LBRDK (Right to Buy)$71.1708/19/2026D6,486 (8)12/11/2030Series C Common Stock6,486$0.0000(9)0.0000D
Stock Option - LBRDK (Right to Buy)$83.3708/19/2026D6,184 (8)12/12/2029Series C Common Stock6,184$0.0000(9)0.0000D
Explanation of Responses:
1. Pursuant to the terms of the Merger Agreement (as defined in the Remarks section), at the effective time of the Merger (as defined in the Remarks section), each share of the Issuer's Series A Common Stock and Series C Common Stock issued and outstanding immediately prior to the effective time of the Merger was automatically converted into 0.2360 of a share of Charter Communications, Inc. ("Charter") Class A common stock, except that cash (without interest) was paid in lieu of fractional shares.
2. The reporting person is the sister-in-law of the sole trustee and, as the settlor of the trust, also retains a power of substitution with respect to the assets held by the trust. The reporting person, therefore, may be deemed to have shared dispositive power over the securities held by the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
3. The reporting person is the sole trustee of the trust. The beneficiary of the trust is a member of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.
4. The reporting person is the sole trustee of the trust and, as the settlor of the trust, also retains a power of substitution with respect to the assets held by the trust. The reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.
5. The reporting person disclaims beneficial ownership of these shares owned by her spouse.
6. The reporting person is the sole trustee of the trust. The beneficiaries of the trust are members of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.
7. These shares were held in a managed account under the trading discretion of an investment manager (the "Managed Account"). Three trusts (the "Trusts") for the benefit of members of the reporting person's immediate family collectively have a one-third interest in the Managed Account. The reporting person's spouse was appointed as the successor trustee of the Trusts. The reporting person disclaims beneficial ownership of the securities held by the Trusts and the Managed Account except to the extent of her pecuniary interest therein.
8. These options were fully exercisable.
9. Pursuant to the terms of the Merger Agreement, immediately prior to the effective time of the Merger, such stock option of the Issuer was cancelled for no consideration.
Remarks:
Pursuant to the Agreement and Plan of Merger, dated as of November 12, 2024 (the "Merger Agreement"), by and among the Issuer, Charter, Fusion Merger Sub 1, LLC, a Delaware limited liability company and wholly owned subsidiary of Charter ("Merger LLC"), and Fusion Merger Sub 2, Inc., a Delaware corporation and wholly owned subsidiary of Merger LLC ("Merger Sub"), on August 19, 2026, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Merger LLC, and immediately following the Merger, the Issuer (as the surviving corporation in the Merger) merged with and into Merger LLC (the "Upstream Merger") with Merger LLC surviving the Upstream Merger as the surviving company and a wholly owned subsidiary of Charter.
/s/ Brittany A. Uthoff as Attorney-in-Fact for Julie D. Frist08/20/2026
** Signature of Reporting PersonDate
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).
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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.
* Form 4: SEC 1474 (03-26)