Form 4: Charter Communications Director Newhouse Sells 5,663 Class B Common Units
SEC Form 4
Michael A. Newhouse, a director of Charter Communications, sold 5,663 Class B Common Units to the issuer in an exempt transaction.
Summary
- On October 7, 2024, Michael A. Newhouse, a director of Charter Communications, sold 5,663 Class B Common Units of Charter Communications Holdings, LLC to the issuer.
- The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- The sale was conducted at an average public per share repurchase price of $356.64.
- Following the transaction, Newhouse indirectly beneficially owns 16,511,321 Class B Common Units through his affiliations with Advance Long-Term Management Trust, Advance Publications, Inc., and Newhouse Broadcasting Corporation.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a transaction without expressing any positive or negative outlook.
Industry Context
This transaction reflects insider activity related to Charter Communications. Monitoring such transactions can provide insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The sale of shares by a director could be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a personal financial decision.
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 |
| 10/07/2024 | Date of transaction: Sale of Class B Common Units |
| 10/09/2024 | Date of signature |
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