Form 4: Charter Communications Director Newhouse Sells 24,802 Class B Common Units

Michael A. Newhouse, a director of Charter Communications, sold 24,802 Class B Common Units of Charter Communications Holdings, LLC to the issuer on September 11, 2024.

Summary

• On September 11, 2024, Michael A. Newhouse, a director of Charter Communications, sold 24,802 Class B Common Units of Charter Communications Holdings, LLC to Charter Communications.
• The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
• The Class B Common Units are exchangeable for Class A Common Stock or cash at Charter's option.
• Following the transaction, Newhouse indirectly beneficially owns 16,516,984 shares through his affiliations with Advance Long-Term Management Trust, Advance Publications, Inc., and Newhouse Broadcasting Corporation.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a transaction that appears to be part of a pre-existing agreement. There is no indication of positive or negative implications for the company.

Industry Context

Directors selling shares can sometimes be interpreted in various ways by the market, but in this case, it's a transaction with the company itself, which is part of a pre-existing agreement.

Related Party Transactions

• The sale of Class B Common Units by Michael A. Newhouse to Charter Communications is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a sale of units back to the company as part of an existing agreement.

Key Dates