Form 4: Advance/Newhouse Partnership Sells 58,617 Charter Communications Units in Exempt Transaction

Advance/Newhouse Partnership sold 58,617 Class B Common Units of Charter Communications Holdings, LLC to the Issuer in an exempt transaction.

Summary

• On March 5, 2024, Advance/Newhouse Partnership sold 58,617 Class B Common Units of Charter Communications Holdings, LLC to Charter Communications, Inc.
• The transaction was executed at an average public per share repurchase price of $291.1.
• The Class B Common Units are exchangeable for Class A Common Stock of Charter Communications on a one-for-one basis or an equivalent cash amount.
• The reporting entities 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: The document reports a transaction. It is neither particularly positive nor negative.

Industry Context

Sales of shares by major shareholders are a normal part of market activity. It is important to consider the context of the sale, such as the overall financial health of the company and the shareholder's investment strategy.

Related Party Transactions

• The sale of Class B Common Units to Charter Communications, Inc., the issuer, is a related party transaction.

Stakeholder Impact

• The sale of shares by a major shareholder could have a short-term impact on the stock price, but the long-term impact is likely to be minimal.

Key Dates