Liberty Broadband Corp 10-K

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters of Equity Securities. Market Information Our Series A and Series C common stock trade on the Nasdaq Global Select Market under the symbols “LBRDA” and “LBRDK,” respectively. Our Series B common stock is quoted on the OTC Markets under the symbol “LBRDB”, but it is not actively traded. Stock price information for securities traded on the Nasdaq Global Select Market can be found on the Nasdaq’s website at www.nasdaq.com. The following table sets forth the quarterly range of high and low sales prices of our Series B common stock for the years ended December 31, 2021 and 2020. There is no established public trading market for our Series B common stock, which is quoted on the OTC Markets. Such over-the-counter market quotations reflect inter-dealer prices without dealer mark-ups, mark-downs or commissions, and may not necessarily represent actual transactions. ​ ​ ​ ​ ​ ​ ​ ​ ​ Liberty Broadband Corporation ​ ​ ​ ​ Series B ​ ​ ​ ​ (LBRDB) ​ ​ ​ ​ High ​ Low ​ 2020 ​ ​ ​ ​ ​ ​ First quarter ​ $ 131.80 ​ 95.25 ​ Second quarter ​ $ 140.00 ​ 107.75 ​ Third quarter ​ $ 139.00 ​ 125.35 ​ Fourth quarter ​ $ 161.05 ​ 145.47 ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ ​ ​ ​ ​ First quarter ​ $ 153.11 ​ 142.85 ​ Second quarter ​ $ 160.40 ​ 141.15 ​ Third quarter ​ $ 178.00 ​ 170.00 ​ Fourth quarter ​ $ 173.00 ​ 151.00 ​ ​ Holders As of January 31, 2022, there were 659, 81 and 2,155 holders of our Series A, Series B and Series C common stock, respectively. The foregoing numbers of record holders do not include the number of stockholders whose shares are held nominally by banks, brokerage houses or other institutions, but include each such institution as one shareholder. Dividends We have not paid any cash dividends on our common stock, and we have no present intention of so doing. Payment of cash dividends, if any, in the future will be determined by our board of directors in light of our earnings, financial condition and other relevant considerations. Securities Authorized for Issuance Under Equity Compensation Plans Information required by this item is incorporated by reference to our definitive proxy statement for our 2022 Annual Meeting of Stockholders. Purchases of Equity Securities by the Issuer On February 23, 2021, the board of directors authorized the repurchase of $2.23 billion of Liberty Broadband Series A and Series C common stock. Additionally, on August 5, 2021, the board of directors authorized the repurchase of an additional $2.105 billion of Liberty Broadband Series A and Series C common stock. Further, on January 26, 2022, a duly authorized II-1 Table of Contents committee of the board of directors authorized the repurchase of an additional $2.215 billion of Liberty Broadband Series A and Series C common stock. A summary of the repurchase activity for the three months ended December 31, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Series A Common Stock ​ Series C Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (c) Total Number (d) Maximum Number ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ of Shares ​ (or Approximate Dollar ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchased as ​ Value) of Shares that ​ ​ ​ (a) Total Number ​ (b) Average ​ (a) Total Number ​ (b) Average ​ Part of Publicly ​ May Yet Be Purchased ​ ​ ​ of Shares ​ Price Paid per ​ of Shares ​ Price Paid per ​ Announced Plans or ​ Under the Plans or ​ Period ​ Purchased ​ Share ​ Purchased ​ Share ​ Programs ​ Programs ​ October 1 - 31, 2021 ​ 681,359 ​ $ 170.26 ​ 1,537,865 ​ $ 173.51 ​ 2,219,224 ​ ​ $1,647 million ​ November 1 - 30, 2021 ​ 674,862 ​ $ 164.53 2,290,236 ​ $ 167.19 ​ 2,965,098 ​ ​ $1,153 million ​ December 1 - 31, 2021 ​ 1,197,000 ​ $ 154.31 1,914,094 ​ $ 156.38 ​ 3,111,094 ​ ​ $669 million ​ Total ​ 2,553,221 ​ $ 161.27 5,742,195 ​ $ 165.28 8,295,416 ​ ​ ​ ​ ​ There were no repurchases of Liberty Broadband Series B common stock or Liberty Broadband Preferred Stock during the three months ended December 31, 2021. During the three months ended December 31, 2021, 179 shares of Liberty Broadband Series A common stock, zero shares of Liberty Broadband Series B common stock, 29,735 shares of Series C common stock and 4,091 shares of Liberty Broadband Preferred Stock were surrendered by our officers and employees to pay withholding taxes and other deductions in connection with the vesting of their restricted stock, restricted stock units and options. Item 6. [Reserved]