Form 4: Charter Communications Director Newhouse Sells Shares in Exempt Transaction
SEC Form 4
Michael A. Newhouse, a director of Charter Communications, sold Class B Common Units to the issuer in an exempt transaction.
Summary
- On January 6, 2025, Michael A. Newhouse, a director of Charter Communications, sold 36,178 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 $390.52, representing the Average Public Per Share Repurchase Price.
- Following the transaction, Newhouse indirectly beneficially owns 16,471,401 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 related to a director's stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales of shares by company directors are a normal part of business. It is important to note that the director still owns a significant number of shares.
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 |
| 01/06/2025 | Date of transaction: Sale of Class B Common Units |
| 01/08/2025 | Date of signature of the Form 4 |
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