Form 4: Advance/Newhouse Partnership Sells 65,978 Charter Communications Units in Exempt Transaction

Advance/Newhouse Partnership sold 65,978 Class B Common Units of Charter Communications Holdings, LLC to the Issuer in an exempt transaction on August 6, 2024.

Summary

• On August 6, 2024, Advance/Newhouse Partnership (A/N) sold 65,978 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 price per unit was $308.01, representing the Average Public Per Share Repurchase Price.
• Following the transaction, A/N continues to beneficially own 16,541,786 Class B Common Units indirectly.
• These units are exchangeable for Class A Common Stock of Charter Communications on a one-for-one basis or for 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: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the sale of securities.

Industry Context

This transaction reflects ongoing trading activity by major shareholders in Charter Communications. Such transactions are common and provide liquidity in the market.

Comparison to Industry Standards

• Charter Communications' stock performance and trading activity are often compared to other major cable and telecommunications companies such as Comcast (CMCSA) and Verizon (VZ).
• Transactions of this nature are typical for large shareholders and are monitored for their potential impact on stock price and company strategy.
• The price of $308.01 per unit reflects the market valuation of Charter Communications at the time of the transaction, which is influenced by factors such as subscriber growth, broadband penetration, and competition in the telecommunications industry.

Stakeholder Impact

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

Key Dates