Form 4: Liberty Broadband Corp Sells Charter Communications Shares in Exempt Transaction
SEC Form 4 Filing
Liberty Broadband Corp sold 139,151 shares of Charter Communications Class A Common Stock at $281.28 per share in an exempt transaction.
Summary
- Liberty Broadband Corp, a 10% owner and director of Charter Communications, sold 139,151 shares of Class A Common Stock on July 16, 2024.
- The sale was executed at a price of $281.28 per share.
- The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- Following the transaction, Liberty Broadband Corp beneficially owns 45,786,163 shares of Charter Communications through wholly-owned subsidiaries.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. The sentiment is neutral as it simply reports a sale of shares.
Industry Context
Sales by significant shareholders are always closely watched by the market as they can indicate sentiment about the company's future prospects, even if the sale is for personal or strategic reasons.
Stakeholder Impact
- The sale of shares by a major shareholder like Liberty Broadband could potentially influence investor sentiment, although the exempt nature of the transaction may mitigate concerns.
Key Dates
| Date | Description |
|---|---|
| 05/23/2015 | Date of the Second Amended and Restated Stockholders Agreement |
| 02/23/2021 | Date of the letter agreement between the Issuer and the Reporting Person |
| 07/16/2024 | Date of the transaction (sale of shares) |
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