X0306 4 2020-12-18 0001611983 Liberty Broadband Corp LBRDA 0001663090 Wendling Brian J 12300 LIBERTY BLVD. ENGLEWOOD CO 80112 1 CAO/PFO Series C Common Stock 2020-12-18 4 A 0 8596.0000 0.0000 A 9160.0000 D Stock Option - LBRDK (Right to Buy) 67.5400 2020-12-18 4 A 0 4044.0000 0.0000 A 2022-05-12 Series C Common Stock 4044.0000 4044.0000 D Stock Option - LBRDK (Right to Buy) 67.5400 2020-12-18 4 A 0 9629.0000 0.0000 A 2023-05-12 Series C Common Stock 9629.0000 9629.0000 D Stock Option - LBRDK (Right to Buy) 164.7800 2020-12-18 4 A 0 10003.0000 0.0000 A 2027-12-07 Series C Common Stock 10003.0000 10003.0000 D Pursuant to the terms of the Merger Agreement (as defined in the Remarks section), each share of GCI Liberty's (as defined in the Remarks section) Series A common stock was converted into the right to receive 0.580 of a share of the Issuer's Series C common stock. The derivative security is fully vested. Pursuant to the terms of the Merger Agreement, each outstanding stock option to purchase shares of GCI Liberty's Series A common stock (an "original Series A stock option") was converted into 0.580 of a corresponding stock option to purchase shares of the Issuer's Series C common stock, rounded down to the nearest whole share. The exercise price of the original Series A stock option was divided by 0.580, with the resulting exercise price rounded up to the nearest cent. The stock options with respect to the Issuer's Series C common stock are subject to the same vesting, terms, restrictions and other conditions as those applicable to the corresponding original Series A stock option. The derivative security vested 50% on December 31, 2019, and will vest 50% on December 31, 2020. The derivative security vests 50% on December 7, 2022 and 50% on December 7, 2023. Pursuant to the Agreement and Plan of Merger, dated August 6, 2020 (the "Merger Agreement"), by and among GCI Liberty, Inc. ("GCI Liberty"), the Issuer, Grizzly Merger Sub 1, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Issuer ("Merger LLC"), and Grizzly Merger Sub 2, Inc., a Delaware corporation and a wholly owned subsidiary of Merger LLC ("Merger Sub"), on December 18, 2020, Merger Sub merged with and into GCI Liberty (the "Merger"), with GCI Liberty surviving the Merger as a wholly owned subsidiary of Merger LLC, and immediately following the Merger, GCI Liberty (as the surviving corporation in the Merger) merged with and into Merger LLC (the "Upstream Merger"), with Merger LLC surviving the Upstream Merger as a wholly owned subsidiary of the Issuer. /s/ Craig Troyer as Attorney-in-Fact for Brian J. Wendling 2020-12-22