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

Michael A. Newhouse, a director of Charter Communications, sold Class B Common Units to the issuer in an exempt transaction on May 3, 2024.

Summary

• On May 3, 2024, Michael A. Newhouse, a director of Charter Communications, sold 71,911 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 price per unit was $264.22, representing the Average Public Per Share Repurchase Price.
• Following the transaction, Newhouse indirectly beneficially owns 16,721,845 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. It's a factual report of a sale of securities.

Industry Context

This transaction reflects insider activity related to Charter Communications' stock. Monitoring such transactions can provide insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• It's difficult to compare this specific transaction to industry standards without knowing the broader context of Charter Communications' stock repurchase program and insider trading policies.
• However, similar transactions by directors in comparable companies like Comcast (CMCSA) or Altice USA (ATUS) are often scrutinized for compliance with SEC regulations and potential impact on shareholder value.

Related Party Transactions

• The sale of Class B Common Units to the issuer is a related party transaction.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership structure.
• The repurchase of shares by the issuer could potentially affect the stock price.

Key Dates