Form 4: Advance/Newhouse Partnership Sells 1,470 Charter Communications Units in Exempt Transaction

Advance/Newhouse Partnership sold 1,470 Class B Common Units of Charter Communications Holdings, LLC to the Issuer in an exempt transaction.

Summary

• On November 5, 2024, Advance/Newhouse Partnership sold 1,470 Class B Common Units of Charter Communications Holdings, LLC to Charter Communications, Inc.
• The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
• The units were sold at an average public per share repurchase price of $331.55.
• These Class B Common Units are exchangeable for Class A Common Stock of Charter Communications on a one-for-one basis or for cash.
• The reporting parties include Advance/Newhouse Partnership, Advance Long-Term Management Trust, Advance Publications, Inc., Newhouse Broadcasting Corporation, and Newhouse Family Holdings, L.P.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports a transaction. It doesn't indicate positive or negative performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership structure.
• The sale of units back to the company could be seen as a return of capital.

Key Dates