Form 4: Advance/Newhouse Partnership Sells 57,367 Charter Communications Units in Exempt Transaction
SEC Form 4
Advance/Newhouse Partnership sold 57,367 Class B Common Units of Charter Communications Holdings, LLC to the issuer in an exempt transaction on July 3, 2024.
Summary
- On July 3, 2024, Advance/Newhouse Partnership (A/N) sold 57,367 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 average public per share repurchase price was $278.37.
- The Class B Common Units are exchangeable for Class A Common Stock on a one-for-one basis or cash at the issuer's option.
- Newhouse Broadcasting Corporation, Advance Publications, Inc., Newhouse Family Holdings, L.P., and Advance Long-Term Management Trust may be deemed to beneficially own the units due to their control of A/N.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction without indicating positive or negative implications for the company's performance.
Industry Context
This transaction reflects ongoing activity by major shareholders and potential adjustments in ownership structure, which is common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership structure.
Key Dates
| Date | Description |
|---|---|
| 05/18/2016 | Date of exchange agreement between the Issuer, Charter Holdings and A/N |
| 12/23/2016 | Date of letter agreement between the Issuer, Charter Holdings and A/N |
| 07/03/2024 | Date of transaction: Sale of Class B Common Units |
| 07/08/2024 | Date of filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.