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

Director Michael A. Newhouse reports the sale of Class B Common Units of Charter Communications Holdings, LLC to the issuer in an exempt transaction.

Summary

• On July 3, 2024, Michael A. Newhouse, a director of Charter Communications, Inc., reported a transaction involving Class B Common Units of Charter Communications Holdings, LLC.
• Newhouse sold 57,367 Class B Common Units to the issuer in an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
• The transaction occurred at an average public per share repurchase price of $278.37.
• Following the transaction, Newhouse indirectly owns 16,607,764 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 document is a standard SEC Form 4 filing, indicating a transaction by a company insider. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Industry Context

This transaction reflects insider activity related to company stock, which is a common occurrence. The sale of Class B Common Units and their exchangeability into Class A Common Stock are specific to Charter Communications' corporate structure.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership of Class B Common Units.
• The repurchase of shares by the issuer could potentially affect the company's capital structure.

Key Dates