Form 4: Advance/Newhouse Partnership Sells Charter Communications Units in SEC Filing

Advance/Newhouse Partnership sold 2,272 Class B Common Units of Charter Communications Holdings, LLC, which are exchangeable for Charter Communications Class A Common Stock, in a transaction with the issuer.

Summary

• Advance/Newhouse Partnership sold 2,272 Class B Common Units of Charter Communications Holdings, LLC to the issuer.
• These units are exchangeable for Class A Common Stock of Charter Communications, Inc. on a one-for-one basis or for cash.
• The transaction occurred on December 4, 2024.
• The price per unit was $329.04, representing the average public per share repurchase price.
• The total number of Class A Common Stock equivalents held by the reporting entities after the transaction is 16,507,579.
• The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by a major shareholder, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This filing reflects a transaction by a major shareholder of Charter Communications, which is common in the cable and telecommunications industry. Such transactions are closely watched by investors for insights into insider sentiment and potential future moves.

Comparison to Industry Standards

• Transactions of this nature are common among large shareholders in publicly traded companies.
• Similar transactions can be seen in filings from other major cable and telecommunications companies such as Comcast and Altice.
• The price per unit of $329.04 is consistent with the market price of Charter Communications stock at the time of the transaction.

Stakeholder Impact

• The transaction may have a minor impact on the share price of Charter Communications, but is unlikely to be significant.
• The sale of units by Advance/Newhouse Partnership does not directly impact employees, customers, or suppliers.

Key Dates

Keywords

Charter Communications, Advance/Newhouse Partnership, Class B Common Units, Class A Common Stock, SEC Form 4, insider trading, equity securities, repurchase