Wednesday, October 04, 2017 10:15 PM ET
Significant Insider Selling Continues at Liberty Broadband (LBRDA)
One Liberty Broadband insider — John C Malone, 10% Owner and Director — today, disposed of 34,500 shares having a market value of approximately $3,283,579, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 513,425 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 547,925 shares and have averaged 273,963 shares per transaction over this time period.
The number of buy-sell trades for Liberty Broadband is close to that of the 14 member peer company average. The Cable Service Providers peer group saw 22 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade transacted by Liberty Broadband insiders is higher. Within the peer group there were 0 shares purchased and 1,027,735 shares sold with company insiders having sold 46,715 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.
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