SCHEDULE: Liberty Broadband Merger Completes, Duncan Exits

Ronald A. Duncan has exited his beneficial ownership of Liberty Broadband Corporation's Series A Preferred Stock following the completion of a merger with Charter Communications.

Summary

• This filing is an amendment to a previous Schedule 13D, serving as a final exit filing for Ronald A. Duncan.
• The purpose of the amendment is to report that Mr. Duncan is no longer the beneficial owner of more than five percent of Liberty Broadband Corporation's Series A Cumulative Redeemable Preferred Stock.
• This change is a result of the completion of a merger transaction on August 19, 2026, involving Liberty Broadband Corporation, Charter Communications, Inc., and their respective subsidiaries.
• As part of the merger, each share of Liberty Broadband's Preferred Stock was converted into Charter's Series A preferred stock, leading to Mr. Duncan disposing of all his holdings.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a negative sentiment filing as it marks the exit of a significant beneficial owner due to a completed merger, indicating a change in the company's ownership structure and the cessation of the reporting person's interest.

Negatives

• Ronald A. Duncan has ceased to be the beneficial owner of more than five percent of the outstanding shares of Series A Cumulative Redeemable Preferred Stock.
• The filing marks an exit for a significant beneficial owner, indicating a change in the company's shareholder structure.

Future Outlook

The filing does not contain forward-looking statements or guidance; it reports the completion of a merger and the cessation of beneficial ownership.

Management Comments

• This Amendment is filed to disclose that the Reporting Person ceased to be the beneficial owner of more than five percent of the outstanding shares of Preferred Stock.
• As a result of the completion of the Merger, the Reporting Person disposed of all the shares of Preferred Stock beneficially owned by the Reporting Person and ceased to be the beneficial owner of any shares of Preferred Stock.

Industry Context

StockSavvy.ai notes that this filing signifies the successful completion of a significant M&A event in the telecommunications sector, specifically involving Charter Communications, a major player, and Liberty Broadband Corporation.

Stakeholder Impact

• Shareholders of Liberty Broadband Corporation have had their shares converted into Charter Communications Series A preferred stock as part of the merger.
• The cessation of beneficial ownership by Ronald A. Duncan may lead to a shift in the shareholder base and potentially influence future corporate governance discussions.

Next Steps

• The reporting person has completed their exit from beneficial ownership of the specified securities.
• The merger transaction has been fully consummated.

Key Dates

Keywords

Merger, Preferred Stock, Charter Communications, Liberty Broadband Corporation, Beneficial Ownership, Exit Filing