Liberty Broadband Corp

Development of Business Liberty Broadband Corporation ( Liberty Broadband, the Company, us, we, or our ) is primarily comprised of an equity method investment in Charter. During May 2014, the board of directors of Liberty Media Corporation and its subsidiaries ( Liberty ) authorized management to pursue a plan to spin-off to its stockholders common stock of a wholly owned subsidiary, Liberty Broadband, and to distribute subscription rights to acquire shares of Liberty Broadband’s common stock (the Broadband Spin-Off ). Liberty Broadband was formed in 2014 as a Delaware corporation. On December 18, 2020, the original GCI Liberty, Inc. ( prior GCI Liberty ), the previous parent company of GCI, was acquired by Liberty Broadband. Through a number of prior years’ transactions, Liberty Broadband has acquired an interest in Charter. Liberty Broadband controls 25.01% of the aggregate voting power of Charter as described below in Business Ownership Interests. In July 2025, Liberty Broadband and its subsidiaries completed an internal reorganization preceding the GCI Divestiture (as defined below) to transfer the GCI Business (as defined below) to GCI Liberty, Inc. ( GCI Liberty ). Following the internal reorganization, GCI Liberty owns, directly or indirectly, GCI, LLC and the operations comprising, and the entities that conduct, the GCI Business (collectively, GCI ). GCI Liberty was a wholly owned subsidiary of Liberty Broadband until the GCI Divestiture, which was completed on July 14, 2025.