Form 4: Charter Communications Director Newhouse Sells Class B Common Units in Exempt Transaction
SEC Form 4 Filing
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
- Michael A. Newhouse, a director of Charter Communications, Inc., reported a transaction involving Class B Common Units of Charter Communications Holdings, LLC.
- On May 6, 2025, Newhouse sold 215,605 Class B Common Units to the issuer in an exempt transaction under Rule 16b-3 of the Securities Exchange Act of 1934.
- The sale price was $350.44 per unit, representing the Average Public Per Share Repurchase Price.
- Following the transaction, Newhouse indirectly owns 16,003,130 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 filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
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 Class B Common Units to the issuer may have a minor impact on shareholders, potentially affecting the company's share repurchase program.
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 |
| 05/06/2025 | Date of transaction: Sale of Class B Common Units |
| 05/07/2025 | Date of signature |
Keywords
Charter Communications, Newhouse, Class B Common Units, Director, Form 4, Exempt Transaction, CHTR, Sale
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