Martin Edward Patterson, President and CEO of Liberty Broadband Corp, filed a Form 4 on August 12, 2026, disclosing transactions in Series C Common Stock dated August 10, 2026, related to the vesting of restricted stock units and a tax-withholding sale.

Key Highlights

  • RSU conversion: 414 restricted stock units (LBRDK) converted into 414 shares of Series C Common Stock at $0 per unit on August 10, 2026.
  • Shares withheld for taxes: 7,767 shares of Series C Common Stock were disposed of at $35.88 per share on August 10, 2026, under transaction code F.
  • Remaining direct holdings: Patterson beneficially owned 12,085 shares of Series C Common Stock directly following the reported transactions.
  • Merger-related acceleration: According to the filing, the RSU vesting was accelerated pursuant to a consent letter between Liberty Broadband and Charter Communications, Inc., allowing acceleration within 10 business days of August 19, 2026.
  • Issuer and ticker: The issuer is Liberty Broadband Corp, listed as NASDAQ:LBRDK on the filing's cover.

Patterson's RSU Acceleration and Tax Withholding Under Liberty Broadband-Charter Merger Agreement

According to the filing, Martin Edward Patterson, serving as President and CEO of Liberty Broadband Corp (NASDAQ:LBRDK), reported two transactions in Series C Common Stock on August 10, 2026. First, 414 restricted stock units were converted into 414 shares of Series C Common Stock at a price of $0, reflecting that each restricted stock unit converted into one share of Series C Common Stock, as explained in the filing's footnotes.

The filing discloses that 7,767 shares of Series C Common Stock were then disposed of at a price of $35.88 per share under transaction code F, which corresponds to shares withheld for payment of taxes. Following these two transactions, Patterson's direct beneficial ownership stood at 12,085 shares of Series C Common Stock, according to the filing.

The filing explains the context for the RSU vesting: on November 12, 2024, Liberty Broadband and Charter Communications, Inc., among others, entered into an Agreement and Plan of Merger. Under that agreement, restricted stock units of the issuer "shall automatically become fully vested, within 10 business days of the closing of the merger." The filing further states that Liberty Broadband and Charter entered into a consent letter permitting the acceleration to occur "within 10 business days of August 19, 2026." The Form 4 was signed by Brittany A. Uthoff as Attorney-in-Fact for Martin E. Patterson and filed on August 12, 2026.

What Was Disclosed

Patterson's Form 4 reports the conversion of 414 RSUs into Series C Common Stock and the withholding of 7,767 shares at $35.88 for tax purposes, both on August 10, 2026, leaving him with 12,085 directly held shares, with vesting tied to the Liberty Broadband-Charter merger process.