Form 4: Charter Communications Director Sells Over 150,000 Equity Units to Issuer

Charter Communications Director Michael A. Newhouse reported the sale of 150,266 Class B Common Units of Charter Communications Holdings, LLC to the issuer for $396.19 per unit.

Summary

• Reporting Person: Michael A. Newhouse, a Director of Charter Communications, Inc. (CHTR).
• Transaction Date: July 3, 2025.
• Security: Class B Common Units of Charter Communications Holdings, LLC.
• Transaction Type: Disposition (Sale) of 150,266 units.
• Price: $396.19 per unit, representing the Average Public Per Share Repurchase Price.
• Buyer: The Issuer, Charter Communications, Inc.
• Exemption: The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
• Post-transaction Ownership: 15,673,977 Class B Common Units of Charter Communications Holdings, LLC are beneficially owned indirectly.
• Disclaimer: Michael A. Newhouse disclaims beneficial ownership of these indirectly held units, which are owned by Advance/Newhouse Partnership (A/N).

Sentiment

Score: 6

Explanation: The filing reports a director's sale of equity units back to the issuer, which is a standard insider transaction. The repurchase by the company can be viewed as a positive for shareholders, indicating capital return or management of equity structure, but the filing itself is primarily informational.

Positives

• The issuer repurchased 150,266 Class B Common Units, which can be a positive signal for shareholders as it reduces outstanding units/shares and potentially enhances earnings per share.

Negatives

• No explicit negatives are detailed in this Form 4 filing.

Risks

• No specific risks are detailed in this Form 4 filing.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it primarily reports a past insider transaction.

Management Comments

• "The Reporting Person disclaims beneficial ownership of the shares of Class A Common Stock of the Issuer and Class B Common Units of Charter Holdings owned by A/N and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose."

Industry Context

This Form 4 filing details an insider transaction involving a director's sale of equity units back to the company, which is a common practice for managing equity stakes and can be part of a broader share repurchase program. Such transactions are typically company-specific and do not directly reflect broader industry trends, though share repurchases are a common capital allocation strategy across various industries.

Comparison to Industry Standards

• This Form 4 filing reports a specific insider transaction and does not provide data for direct comparison to industry-specific benchmarks or competitor performance. The transaction involves the repurchase of equity units by the issuer, a common corporate finance activity, but the filing does not offer context for assessing its scale or impact relative to industry peers.

Related Party Transactions

• The transaction involves the sale of Class B Common Units by Advance/Newhouse Partnership (A/N) to the Issuer, where Michael A. Newhouse, a director, may be deemed to beneficially own the units due to his affiliations with entities that indirectly own A/N. This constitutes a related-party transaction.

Stakeholder Impact

• Shareholders: Potential positive impact due to the company's repurchase of equity units, which can reduce dilution and potentially increase earnings per share.
• Company: Reduces outstanding equity units, aligning with capital allocation strategies such as share repurchases.

Next Steps

• No specific future actions, events, or milestones are detailed in this Form 4 filing.

Key Dates

Keywords

Charter Communications, CHTR, SEC Form 4, Insider Transaction, Share Repurchase, Michael A. Newhouse, Director, Class B Common Units, Advance/Newhouse Partnership