Liberty Broadband Sells 254706 Charter Communications Shares at $392.61/Share.

Charter Communications, Inc. (MO:CHTR) has announced that Liberty Broadband Corp, a director and 10% owner of the company, has disposed of 254,706 shares at a price of $392.61 per share on July 14, 2025.

Liberty Broadband Corporation ("Liberty Broadband") and GCI Liberty, Inc. ("GCI Liberty") have successfully completed the spin-off of GCI Liberty from Liberty Broadband, marking a significant development in the telecommunications sector. The spin-off took place at 4:30 p.m. New York City time on July 14, 2025, resulting in both companies becoming separate publicly traded entities [1].

GCI Liberty Series A common stock and Series C common stock will commence trading on The Nasdaq Stock Market under the symbols "GLIBA" and "GLIBK", respectively, on Tuesday, July 15, 2025. GCI Liberty Series B common stock has been approved for quotation on the OTC Markets under the symbol "GLIBB", with quoting expected to begin on or around Monday, July 21, 2025 [1].

Effective as of the spin-off, GCI Liberty has an aggregate of 3,650,938 shares of Series A common stock, 400,806 shares of Series B common stock, and 24,646,041 shares of Series C common stock outstanding. Additionally, 10,000 shares of 12% Series A Cumulative Redeemable Non-Voting Preferred Stock are outstanding, but they are not expected to be listed on The Nasdaq Stock Market or quoted on the OTC Markets [1].

Liberty Broadband’s Series A common stock, Series B common stock, Series C common stock, and Series A Cumulative Redeemable preferred stock will continue trading or being quoted on their respective markets until the consummation of the previously announced acquisition by Charter Communications, Inc. ("Charter") [1].

In connection with the spin-off, Marty E. Patterson was appointed President and CEO of Liberty Broadband. Mr. Patterson is also Senior Vice President of Liberty Media Corporation and Co-Head of Corporate Development, and has served on the board of directors of Charter Communications, Inc. since April 2025. Upon the effectiveness of Mr. Patterson’s appointment, John C. Malone resigned as President and CEO of Liberty Broadband but will remain Chairman of the Boards of Liberty Broadband and GCI Liberty [1].

Separately, Charter Communications, Inc. announced that Liberty Broadband Corp, a director and 10% owner of the company, disposed of 254,706 shares at a price of $392.61 per share on July 14, 2025 [2].

References:
[1] https://www.morningstar.com/news/business-wire/20250714432074/liberty-broadband-corporation-completes-spin-off-of-gci-liberty-inc
[2] https://www.marketscreener.com/quote/stock/LIBERTY-BROADBAND-CORPORA-18445409/news/Liberty-Broadband-Corporation-Completes-Spin-Off-of-GCI-Liberty-Inc-50505353/