Form 4: Charter Communications Director Newhouse Sells Class B Common Units in Exempt Transaction

Michael A. Newhouse, a director of Charter Communications, sold 65,978 Class B Common Units of Charter Communications Holdings, LLC to the issuer in an exempt transaction.

Summary

• On August 6, 2024, Michael A. Newhouse, a director of Charter Communications, sold 65,978 Class B Common Units of Charter Communications Holdings, LLC.
• The transaction was an exempt sale to the issuer pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
• The Class B Common Units are exchangeable by Advance/Newhouse Partnership (A/N) into Class A Common Stock of Charter Communications on a one-for-one basis or an equivalent amount of cash.
• The average public per share repurchase price was $308.01.
• Newhouse's beneficial ownership is indirect through affiliations with Advance Long-Term Management Trust, Advance Publications, Inc., and Newhouse Broadcasting Corporation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales of company stock by directors are routinely monitored by investors. This transaction represents a sale back to the company, which may be part of a larger buyback program.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the repurchase of shares.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely negligible.

Key Dates