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Liberty Broadband Corporation

07/23/2025 | Press release | Distributed by Public on 07/23/2025 16:16

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Frist Julie D.
2. Issuer Name and Ticker or Trading Symbol
Liberty Broadband Corp [LBRDK] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
12300 LIBERTY BLVD. 		3. Date of Earliest Transaction (Month/Day/Year)
07/17/2025
(Street)
ENGLEWOOD, CO 80112 		4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
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)
Code V Amount (A) or (D) Price
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option - LBRDK (Right to Buy) $153.58 07/17/2025 J(1) V 4,484 (2) 12/07/2027 Series C Common Stock 4,484 $ 0 (1) 4,484 D
Stock Option - LBRDK (Right to Buy) $147.33 07/17/2025 J(1) V 3,949 (2) 12/07/2028 Series C Common Stock 3,949 $ 0 (1) 3,949 D
Stock Option - LBRDK (Right to Buy) $104.53 07/17/2025 J(1) V 4,498 (2) 12/10/2026 Series C Common Stock 4,498 $ 0 (1) 4,498 D
Stock Option - LBRDK (Right to Buy) $71.17 07/17/2025 J(1) V 6,486 (2) 12/11/2030 Series C Common Stock 6,486 $ 0 (1) 6,486 D
Stock Option - LBRDK (Right to Buy) $83.37 07/17/2025 J(1) V 6,184 (2) 12/12/2029 Series C Common Stock 6,184 $ 0 (1) 6,184 D
Stock Option - LBRDK (Right to Buy) $164.99 07/17/2025 J(1) V 4,174 12/07/2021 12/07/2027 Series C Common Stock 4,174 $ 0 (1) 0 D
Stock Option - LBRDK (Right to Buy) $158.27 07/17/2025 J(1) V 3,676 12/07/2022 12/07/2028 Series C Common Stock 3,676 $ 0 (1) 0 D
Stock Option - LBRDK (Right to Buy) $112.29 07/17/2025 J(1) V 4,187 12/10/2020 12/10/2026 Series C Common Stock 4,187 $ 0 (1) 0 D
Stock Option - LBRDK (Right to Buy) $76.45 07/17/2025 J(1) V 6,038 12/11/2024 12/11/2030 Series C Common Stock 6,038 $ 0 (1) 0 D
Stock Option - LBRDK (Right to Buy) $89.56 07/17/2025 J(1) V 5,757 12/12/2023 12/12/2029 Series C Common Stock 5,757 $ 0 (1) 0 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Frist Julie D.
12300 LIBERTY BLVD.
ENGLEWOOD, CO 80112 		X

Signatures

/s/ Brittany A. Uthoff as Attorney-in-Fact for Julie D. Frist 07/23/2025
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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