Liberty Global Ltd. — Director's Dealing 2025

Mar 25, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Liberty Global Ltd. (LBTY)
CIK: 0001570585
Period of Report: 2025-03-21

Reporting Person: FRIES MICHAEL T (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-21	Performance Share Units C	$	A	925772	Acquired		Class C Common Shares (925772)	Direct
2025-03-21	Restricted Share Units C	$	A	264506	Acquired		Class C Common Shares (264506)	Direct

Footnotes

F1: Each Performance Share Unit ("PSU") represents a contingent right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be. PSUs are subject to performance conditions based upon achievement of stock price hurdles over a three-year period from January 1, 2025 to December 31, 2027 with "cliff" vesting on February 15, 2028, assuming continued employment. PSUs will vest from 0-100 percent, with an opportunity to earn more if there is overperformance, capped at 200 percent.

F2: Each Restricted Share Unit ("RSU") represents a right to receive one share of Issuer's Class A common shares or Class C common shares, as the case may be.

F3: The RSUs vest in three equal annual installments commencing on May 1, 2026.