Transaction Details

Footnotes

The transactions reported on this Form 4 relate to the split-off of the Issuer from the Reporting Person effective December 15, 2025. To effect the split-off, the issued and outstanding common stock of the Issuer, consisting of 1,000 shares of common stock, all of which were held by the Reporting Person, were reclassified into 25,573,685 shares of the Issuer's Series A Liberty Live Group common stock ("LLYVA"), 2,530,951 shares of the Issuer's Series B Liberty Live Group common stock ("LLYVB"), and 63,824,185 shares of the Issuer's Series C Liberty Live Group common stock ("LLYVK" and, together with LLYVA and LLYVB, the "Liberty Live Group Common Stock") (collectively, the "Reclassification"). | Immediately following the Reclassification, the Reporting Person redeemed (i) each outstanding share of its Series A Liberty Live common stock for one share of LLYVA, (ii) each outstanding share of its Series B Liberty Live common stock for one share of LLYVB and (iii) each outstanding share of its Series C Liberty Live common stock for one share of LLYVK. As a result of the foregoing transactions, the Issuer was split-off from the Reporting Person and the Reporting Person ceased to have an equity interest in the Issuer and thus is no longer subject to the obligations of Section 16 of the Securities Exchange Act of 1934.