STOCK TITAN

[Form 4] Charter Comm Inc Del CL A New Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Charter Communications (CHTR) – Form 4 filing dated 08/07/2025. Director Michael A. Newhouse, reporting through Advance/Newhouse Partnership, disposed of 162,694 Class B Common Units of Charter Communications Holdings, LLC on 08/06/2025. The units were sold back to the issuer in an exempt Rule 16b-3 transaction at the Average Public Per-Share Repurchase Price of $378.50, implying proceeds of roughly $61.6 million. Each Class B unit is exchangeable, at the company’s option, for one share of CHTR Class A common stock or cash based on a two-day VWAP and carries no expiration date.

Following the sale, Newhouse continues to hold 15,511,283 Class B units indirectly, leaving more than 99 % of his derivative stake intact. No open-market sales of Class A shares were reported, and no changes were disclosed for any directly held non-derivative securities. The filing therefore indicates a limited liquidity event for the insider while simultaneously advancing the company’s repurchase program.

Charter Communications (CHTR) – Comunicazione Form 4 datata 07/08/2025. Il direttore Michael A. Newhouse, tramite Advance/Newhouse Partnership, ha ceduto 162.694 unità di Classe B di Charter Communications Holdings, LLC il 06/08/2025. Le unità sono state vendute all’emittente in un’operazione esente ai sensi della Regola 16b-3, al Prezzo Medio Pubblico di Riacquisto per Azione di 378,50 $, generando un ricavo di circa 61,6 milioni di dollari. Ogni unità di Classe B è convertibile, a discrezione della società, in un’azione ordinaria Classe A di CHTR o in denaro basato su una media ponderata del prezzo di due giorni (VWAP) e non ha una data di scadenza.

Dopo la vendita, Newhouse detiene ancora indirettamente 15.511.283 unità di Classe B, mantenendo oltre il 99% della sua partecipazione derivata. Non sono state segnalate vendite sul mercato aperto di azioni di Classe A, né modifiche per titoli non derivati detenuti direttamente. La comunicazione indica quindi un evento di liquidità limitato per l’insider, pur supportando il programma di riacquisto della società.

Charter Communications (CHTR) – Presentación del Formulario 4 fechada el 07/08/2025. El director Michael A. Newhouse, reportando a través de Advance/Newhouse Partnership, dispuso de 162,694 unidades comunes Clase B de Charter Communications Holdings, LLC el 06/08/2025. Las unidades fueron vendidas de vuelta al emisor en una transacción exenta bajo la Regla 16b-3 al Precio Promedio Público de Recompra por Acción de $378.50, lo que implica ingresos aproximados de $61.6 millones. Cada unidad Clase B es intercambiable, a opción de la compañía, por una acción común Clase A de CHTR o efectivo basado en un VWAP de dos días y no tiene fecha de vencimiento.

Tras la venta, Newhouse sigue manteniendo indirectamente 15,511,283 unidades Clase B, conservando más del 99 % de su participación derivada. No se reportaron ventas en el mercado abierto de acciones Clase A, ni cambios en valores no derivados mantenidos directamente. Por lo tanto, la presentación indica un evento de liquidez limitado para el insider mientras avanza el programa de recompra de la compañía.

Charter Communications (CHTR) – 2025년 8월 7일자 Form 4 제출. 이사 Michael A. Newhouse는 Advance/Newhouse Partnership을 통해 2025년 8월 6일 Charter Communications Holdings, LLC의 클래스 B 보통주 162,694단위를 처분하였습니다. 해당 단위들은 발행사에 다시 매각되었으며, 면제된 Rule 16b-3 거래로 주당 평균 공개 재매입 가격 $378.50에 이루어져 약 6,160만 달러의 수익을 의미합니다. 각 클래스 B 단위는 회사 선택에 따라 CHTR 클래스 A 보통주 1주 또는 2일간 VWAP를 기준으로 현금으로 교환 가능하며 만료일이 없습니다.

매각 후 Newhouse는 하여 파생 지분의 99% 이상을 유지하고 있습니다. 클래스 A 주식의 공개 시장 판매는 보고되지 않았으며, 직접 보유한 비파생 증권에 대한 변경도 없었습니다. 따라서 이번 제출은 내부자의 제한된 유동성 이벤트를 나타내면서 동시에 회사의 자사주 매입 프로그램을 진행하는 것을 보여줍니다.

Charter Communications (CHTR) – Dépôt du Formulaire 4 daté du 07/08/2025. Le directeur Michael A. Newhouse, via Advance/Newhouse Partnership, a cédé 162 694 unités communes de Classe B de Charter Communications Holdings, LLC le 06/08/2025. Les unités ont été vendues à l’émetteur dans le cadre d’une transaction exonérée selon la règle 16b-3 au prix moyen public de rachat par action de 378,50 $, ce qui représente un produit d’environ 61,6 millions de dollars. Chaque unité de Classe B est échangeable, à la discrétion de la société, contre une action ordinaire Classe A de CHTR ou contre une somme en espèces basée sur une moyenne pondérée des prix sur deux jours (VWAP) et n’a pas de date d’expiration.

Après la vente, Newhouse continue de détenir indirectement 15 511 283 unités de Classe B, conservant plus de 99 % de sa participation dérivée. Aucune vente sur le marché ouvert d’actions de Classe A n’a été signalée, et aucun changement n’a été divulgué concernant des titres non dérivés détenus directement. Le dépôt indique donc un événement de liquidité limité pour l’initié tout en faisant progresser le programme de rachat de la société.

Charter Communications (CHTR) – Form 4 Einreichung vom 07.08.2025. Direktor Michael A. Newhouse meldet über Advance/Newhouse Partnership den Verkauf von 162.694 Class B Common Units von Charter Communications Holdings, LLC am 06.08.2025. Die Einheiten wurden in einer von Regel 16b-3 ausgenommenen Transaktion zurück an den Emittenten zum durchschnittlichen öffentlichen Rückkaufpreis von 378,50 $ pro Aktie verkauft, was Erlöse von etwa 61,6 Millionen $ bedeutet. Jede Class B Einheit ist nach Wahl des Unternehmens gegen eine Aktie der CHTR Class A Stammaktien oder bar auf Basis eines zweitägigen VWAP tauschbar und hat kein Ablaufdatum.

Nach dem Verkauf hält Newhouse weiterhin indirekt 15.511.283 Class B Einheiten und bewahrt damit über 99 % seiner derivativen Beteiligung. Es wurden keine Verkäufe von Class A Aktien am offenen Markt gemeldet und keine Änderungen bei direkt gehaltenen nicht-derivativen Wertpapieren offengelegt. Die Einreichung deutet somit auf ein begrenztes Liquiditätsereignis für den Insider hin, während gleichzeitig das Rückkaufprogramm des Unternehmens vorangetrieben wird.

Positive
  • Issuer repurchase of 162,694 Class B units removes potential dilution and is modestly accretive to remaining shareholders.
Negative
  • Insider disposal of ~$61.6 million in equity units could be viewed as a minor bearish signal despite its small proportion of holdings.

Insights

TL;DR: Small insider sale vs. very large remaining stake; neutral signal.

The 162.7 k units sold represent <1 % of Newhouse’s 15.5 M unit position, so the economic exposure of the director remains virtually unchanged. Because the transaction is a company repurchase under Rule 16b-3, it does not suggest open-market selling pressure. At ~$378.5 per unit, the $61 M consideration is immaterial to Charter’s $60 B+ market cap but marginally accretive via share count reduction. Overall impact on valuation or sentiment is neutral.

TL;DR: Governance-friendly structure; no red flags.

The use of Rule 16b-3 and a predefined repurchase price limits potential conflicts and aligns with Charter’s capital-return strategy. Beneficial-ownership disclaimers clarify that Newhouse is not claiming direct ownership of units held by Advance/Newhouse, reducing liability concerns. Given the small relative size and continued large holding, the event is not governance-negative.

Charter Communications (CHTR) – Comunicazione Form 4 datata 07/08/2025. Il direttore Michael A. Newhouse, tramite Advance/Newhouse Partnership, ha ceduto 162.694 unità di Classe B di Charter Communications Holdings, LLC il 06/08/2025. Le unità sono state vendute all’emittente in un’operazione esente ai sensi della Regola 16b-3, al Prezzo Medio Pubblico di Riacquisto per Azione di 378,50 $, generando un ricavo di circa 61,6 milioni di dollari. Ogni unità di Classe B è convertibile, a discrezione della società, in un’azione ordinaria Classe A di CHTR o in denaro basato su una media ponderata del prezzo di due giorni (VWAP) e non ha una data di scadenza.

Dopo la vendita, Newhouse detiene ancora indirettamente 15.511.283 unità di Classe B, mantenendo oltre il 99% della sua partecipazione derivata. Non sono state segnalate vendite sul mercato aperto di azioni di Classe A, né modifiche per titoli non derivati detenuti direttamente. La comunicazione indica quindi un evento di liquidità limitato per l’insider, pur supportando il programma di riacquisto della società.

Charter Communications (CHTR) – Presentación del Formulario 4 fechada el 07/08/2025. El director Michael A. Newhouse, reportando a través de Advance/Newhouse Partnership, dispuso de 162,694 unidades comunes Clase B de Charter Communications Holdings, LLC el 06/08/2025. Las unidades fueron vendidas de vuelta al emisor en una transacción exenta bajo la Regla 16b-3 al Precio Promedio Público de Recompra por Acción de $378.50, lo que implica ingresos aproximados de $61.6 millones. Cada unidad Clase B es intercambiable, a opción de la compañía, por una acción común Clase A de CHTR o efectivo basado en un VWAP de dos días y no tiene fecha de vencimiento.

Tras la venta, Newhouse sigue manteniendo indirectamente 15,511,283 unidades Clase B, conservando más del 99 % de su participación derivada. No se reportaron ventas en el mercado abierto de acciones Clase A, ni cambios en valores no derivados mantenidos directamente. Por lo tanto, la presentación indica un evento de liquidez limitado para el insider mientras avanza el programa de recompra de la compañía.

Charter Communications (CHTR) – 2025년 8월 7일자 Form 4 제출. 이사 Michael A. Newhouse는 Advance/Newhouse Partnership을 통해 2025년 8월 6일 Charter Communications Holdings, LLC의 클래스 B 보통주 162,694단위를 처분하였습니다. 해당 단위들은 발행사에 다시 매각되었으며, 면제된 Rule 16b-3 거래로 주당 평균 공개 재매입 가격 $378.50에 이루어져 약 6,160만 달러의 수익을 의미합니다. 각 클래스 B 단위는 회사 선택에 따라 CHTR 클래스 A 보통주 1주 또는 2일간 VWAP를 기준으로 현금으로 교환 가능하며 만료일이 없습니다.

매각 후 Newhouse는 하여 파생 지분의 99% 이상을 유지하고 있습니다. 클래스 A 주식의 공개 시장 판매는 보고되지 않았으며, 직접 보유한 비파생 증권에 대한 변경도 없었습니다. 따라서 이번 제출은 내부자의 제한된 유동성 이벤트를 나타내면서 동시에 회사의 자사주 매입 프로그램을 진행하는 것을 보여줍니다.

Charter Communications (CHTR) – Dépôt du Formulaire 4 daté du 07/08/2025. Le directeur Michael A. Newhouse, via Advance/Newhouse Partnership, a cédé 162 694 unités communes de Classe B de Charter Communications Holdings, LLC le 06/08/2025. Les unités ont été vendues à l’émetteur dans le cadre d’une transaction exonérée selon la règle 16b-3 au prix moyen public de rachat par action de 378,50 $, ce qui représente un produit d’environ 61,6 millions de dollars. Chaque unité de Classe B est échangeable, à la discrétion de la société, contre une action ordinaire Classe A de CHTR ou contre une somme en espèces basée sur une moyenne pondérée des prix sur deux jours (VWAP) et n’a pas de date d’expiration.

Après la vente, Newhouse continue de détenir indirectement 15 511 283 unités de Classe B, conservant plus de 99 % de sa participation dérivée. Aucune vente sur le marché ouvert d’actions de Classe A n’a été signalée, et aucun changement n’a été divulgué concernant des titres non dérivés détenus directement. Le dépôt indique donc un événement de liquidité limité pour l’initié tout en faisant progresser le programme de rachat de la société.

Charter Communications (CHTR) – Form 4 Einreichung vom 07.08.2025. Direktor Michael A. Newhouse meldet über Advance/Newhouse Partnership den Verkauf von 162.694 Class B Common Units von Charter Communications Holdings, LLC am 06.08.2025. Die Einheiten wurden in einer von Regel 16b-3 ausgenommenen Transaktion zurück an den Emittenten zum durchschnittlichen öffentlichen Rückkaufpreis von 378,50 $ pro Aktie verkauft, was Erlöse von etwa 61,6 Millionen $ bedeutet. Jede Class B Einheit ist nach Wahl des Unternehmens gegen eine Aktie der CHTR Class A Stammaktien oder bar auf Basis eines zweitägigen VWAP tauschbar und hat kein Ablaufdatum.

Nach dem Verkauf hält Newhouse weiterhin indirekt 15.511.283 Class B Einheiten und bewahrt damit über 99 % seiner derivativen Beteiligung. Es wurden keine Verkäufe von Class A Aktien am offenen Markt gemeldet und keine Änderungen bei direkt gehaltenen nicht-derivativen Wertpapieren offengelegt. Die Einreichung deutet somit auf ein begrenztes Liquiditätsereignis für den Insider hin, während gleichzeitig das Rückkaufprogramm des Unternehmens vorangetrieben wird.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Newhouse Michael A

(Last) (First) (Middle)
C/O CHARTER COMMUNICATIONS, INC.
400 WASHINGTON BLVD

(Street)
STAMFORD CT 06902

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHARTER COMMUNICATIONS, INC. /MO/ [ CHTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Units of Charter Communications Holdings, LLC (1) 08/06/2025 D 162,694(2) 05/18/2016 (1) Charter Communications Class A Common Stock 162,694 $378.5(3) 15,511,283 I Indirect Interest in a Partnership(4)(5)
Explanation of Responses:
1. The Class B Common Units of Charter Communications Holdings, LLC ("Charter Holdings") are exchangeable by Advance/Newhouse Partnership, a New York partnership ("A/N") at any time into either, at the Issuer's option, (i) shares of Class A Common Stock of the Issuer on a one-for-one basis or (ii) an amount of cash based on the volume-weighted average price of the Class A Common Stock for the two consecutive trading days prior to the date of delivery of A/N's Exchange Notice (as such term is defined under and pursuant to that certain exchange agreement, dated as of May 18, 2016, between, among others, the Issuer, Charter Holdings and A/N) per Class B Common Unit exchanged and have no expiration date.
2. Sold to the Issuer in an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended
3. Represents the Average Public Per Share Repurchase Price (as such term is defined in Annex A to that certain letter agreement, dated as of December 23, 2016, between the Issuer, Charter Holdings and A/N).
4. The Reporting Person, by virtue of his affiliations with Advance Long-Term Management Trust, a New Jersey trust ("ALTMT"), Advance Publications, Inc., a New York corporation ("API"), and Newhouse Broadcasting Corporation ("NBCo"), and affiliation with and interest in other non-controlling holders of equity of API and NBCo, may be deemed to beneficially own the shares of Class A Common Stock of the Issuer and Class B Common Units of Charter Holdings owned directly by A/N. ALTMT is the general partner of Newhouse Family Holdings, L.P., a Delaware limited partnership, which owns all of the voting shares of API. API and NBCo indirectly own all of the partnership interests of A/N.
5. 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.
/s/ Michael A. Newhouse 08/07/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Charter Communications units did Michael Newhouse sell?

162,694 Class B Common Units were disposed of on 08/06/2025.

What was the sale price reported in the Form 4 for CHTR?

The units were sold at the Average Public Per-Share Repurchase Price of $378.50.

How many derivative securities does the insider still own after the transaction?

Newhouse retains 15,511,283 Class B units indirectly.

Was this an open-market sale of CHTR shares?

No. The transaction was an issuer repurchase exempt under Rule 16b-3; no Class A shares were sold on the market.

Can the Class B units be converted into CHTR Class A stock?

Yes. Each unit is exchangeable 1-for-1 into Class A shares or cash at Charter’s option, with no expiration date.
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