Form 4: Charter Communications Director Newhouse Sells Class B Common Units in Transaction
SEC Form 4 Filing
Michael A. Newhouse, a director of Charter Communications, sold 1,470 Class B Common Units of Charter Communications Holdings, LLC to the issuer on November 5, 2024.
Summary
- On November 5, 2024, Michael A. Newhouse, a director of Charter Communications, sold 1,470 Class B Common Units of Charter Communications Holdings, LLC.
- The transaction was an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
- The sale was to the issuer at an average public per share repurchase price of $331.55.
- Following the transaction, Newhouse indirectly beneficially owns 16,509,851 shares of Charter Communications Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard transaction disclosure.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider and provides limited insight into broader industry trends.
Stakeholder Impact
- The sale of units by a director could be perceived neutrally by shareholders, as it's a relatively small transaction in the context of the overall company size.
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 |
| 11/05/2024 | Date of transaction: Sale of Class B Common Units |
| 11/07/2024 | Date of signature |
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