Form 4: Liberty Broadband Director J. David Wargo Sells Shares in Multiple Transactions

Director J. David Wargo of Liberty Broadband Corp. [LBRDA] sold shares of Series C Common Stock in multiple transactions on March 5th and March 7th, 2024.

Summary

• J. David Wargo, a director of Liberty Broadband Corp., reported the sale of Series C Common Stock on March 5th and March 7th, 2024.
• On March 5th, 11,000 shares were sold at a weighted average price of $57.3347 per share.
• On March 7th, 9,000 shares were sold at a weighted average price of $56.8004 per share.
• Following these transactions, Wargo directly owns 97,332 shares of Series C Common Stock.
• Wargo also reported indirect beneficial ownership of 3,154 shares held by his spouse, but disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting the sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Sales of shares by company directors are a common occurrence and are publicly disclosed to ensure transparency. The reasons for the sale are not disclosed in this filing and could be for personal financial planning or other reasons.

Stakeholder Impact

• The sale of shares by a director could potentially have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates