Form 4: Liberty Global CFO Divests All Class C Shares in Planned Sale

Liberty Global's EVP & CFO, Charles H R Bracken, sold all 33,220 Class C Common Shares held indirectly through Charlouise Ltd. for approximately $371,500 under a pre-arranged 10b5-1 plan.

Summary

• Charles H R Bracken, Executive Vice President and Chief Financial Officer of Liberty Global Ltd., reported a transaction involving the company's Class C Common Shares.
• On December 8, 2025, Mr. Bracken, through Charlouise Ltd. (an entity he controls), disposed of 33,220 Class C Common Shares.
• The shares were sold at a weighted average price of $11.1832 per share, with individual sales ranging from $11.09 to $11.25.
• The total value of the shares sold amounts to approximately $371,500.
• This transaction was executed pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following this reported transaction, the beneficial ownership of Class C Common Shares by Charlouise Ltd. (and indirectly by Mr. Bracken) is 0.

Sentiment

Score: 4

Explanation: While the sale was pre-planned under a 10b5-1 plan, the complete divestment of the reporting person's indirect holdings in Class C Common Shares by a key executive (CFO) could be interpreted as a slightly negative signal regarding future prospects or personal financial planning, despite the pre-arranged nature.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not a reaction to recent market events or non-public information, which can mitigate negative market perception.

Negatives

• An executive's sale of all beneficial holdings in a specific class of shares, even if planned, can be perceived negatively by investors as it reduces insider alignment with shareholder interests.
• The sale represents a significant divestment of 33,220 Class C Common Shares by a key executive.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

This Form 4 filing reports an individual executive's stock transaction and does not provide broader industry context or trends.

Related Party Transactions

• The shares were held by Charlouise Ltd., an entity controlled by the reporting person, Charles H R Bracken. The sale from this entity constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the complete divestment of Class C shares by the CFO as a reduction in insider alignment, potentially leading to questions about management's long-term confidence in this specific share class.
• The pre-arranged nature of the sale (10b5-1 plan) helps to mitigate concerns that the sale is based on new, negative information.

Key Dates

Keywords

Liberty Global, LBTY, Form 4, insider trading, stock sale, executive compensation, 10b5-1 plan, Class C shares, CFO