Form 4: Liberty Broadband Corp Sells Charter Communications Shares in Exempt Transaction
SEC Form 4 Filing
Liberty Broadband Corp sold 130,687 shares of Charter Communications Class A Common Stock in an exempt transaction on June 17, 2024.
Summary
- Liberty Broadband Corp, a 10% owner and director of Charter Communications, sold 130,687 shares of Class A Common Stock on June 17, 2024.
- The sale was conducted at a price of $270.14 per share.
- The transaction was exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- Following the transaction, Liberty Broadband Corp indirectly holds 45,925,314 shares through wholly-owned subsidiaries.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction. The sentiment is neutral as it simply reports a sale of shares.
Industry Context
Sales by major shareholders are common and can be driven by various factors, including portfolio rebalancing or strategic decisions by the selling entity. The impact on the stock price depends on the size of the sale relative to the trading volume and investor sentiment.
Stakeholder Impact
- The sale of shares by a major shareholder like Liberty Broadband Corp could potentially influence investor sentiment and, consequently, the stock price of Charter Communications.
Key Dates
| Date | Description |
|---|---|
| May 23, 2015 | Date of the Second Amended and Restated Stockholders Agreement. |
| February 23, 2021 | Date of the letter agreement between the Issuer and the Reporting Person. |
| 06/17/2024 | Date of the transaction: sale of shares. |
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