Liberty Broadband cuts Charter (NASDAQ: CHTR) stake by 643K shares

Rhea-AI Filing Summary

Liberty Broadband Corp, a major stockholder of Charter Communications, disposed of 643,444 shares of Charter Class A Common Stock at $221.79 per share. The shares were sold back to Charter in an exempt transaction under Rule 16b-3 and held indirectly through Liberty Broadband’s wholly-owned subsidiaries.

Following this issuer disposition, Liberty Broadband reports indirect ownership of 40,016,863 Charter shares, reflecting its ongoing large equity position governed by existing stockholders and letter agreements among Liberty Broadband, Charter and Advance/Newhouse Partnership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Liberty Broadband Corp

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Disposition	Class A Common Stock	643,444	$221.79	$142.71M

Holdings After Transaction: Class A Common Stock — 40,016,863 shares (Indirect, Held through wholly-owned subsidiaries)

Footnotes (1)

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Key Figures

Shares disposed: 643,444 shares Disposition price: $221.79 per share Shares held after transaction: 40,016,863 shares

3 metrics

Shares disposed 643,444 shares Issuer disposition of Charter Class A Common Stock

Disposition price $221.79 per share Price for Charter shares transferred to issuer

Shares held after transaction 40,016,863 shares Indirect Charter holdings after issuer disposition

Key Terms

Rule 16b-3, Second Amended and Restated Stockholders Agreement, Letter Agreement, disposition to issuer, +1 more

5 terms

Rule 16b-3 regulatory

"Such shares were sold to the Issuer in an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

Second Amended and Restated Stockholders Agreement financial

"pursuant to the terms of the Second Amended and Restated Stockholders Agreement, dated as of May 23, 2015"

Letter Agreement financial

"the Letter Agreement, dated February 23, 2021, between the Issuer and the Reporting Person"

disposition to issuer financial

"transaction_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""

wholly-owned subsidiaries financial

""nature_of_ownership": "Held through wholly-owned subsidiaries""

Form 4 Insider Transactions: What Each Field Means →

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^*

Liberty Broadband Corp

(Last) (First) (Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD COLORADO 80112

(City) (State) (Zip)

UNITED STATES

(Country)

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	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class A Common Stock	04/02/2026		D(1)		643,444	D	$221.79	40,016,863	I	Held through wholly-owned subsidiaries

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

Explanation of Responses:

1. Such shares were sold to the Issuer in an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended, pursuant to the terms of the Second Amended and Restated Stockholders Agreement, dated as of May 23, 2015, as amended, by and among, among others, the Issuer, Advance/Newhouse Partnership and the Reporting Person, the Letter Agreement, dated February 23, 2021, between the Issuer and the Reporting Person, Amendment No. 1 to the Second Amended and Restated Stockholders Agreement and the Letter Agreement, dated as of November 12, 2024, by and among, among others, the Issuer and the Reporting Person, and the Letter Agreement, dated March 5, 2026, by and among the Issuer, the Reporting Person and Advance/Newhouse Partnership.

	Liberty Broadband Corporation By: /s/ Brittany A. Uthoff; Name: Brittany A. Uthoff; Title: Vice President	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Liberty Broadband report in its latest Form 4 for CHTR?

Liberty Broadband reported disposing of 643,444 shares of Charter Class A Common Stock at $221.79 per share. The shares were sold back to Charter in an exempt Rule 16b-3 transaction, executed under existing stockholders and letter agreements among Liberty Broadband, Charter and Advance/Newhouse Partnership.

How many Charter (CHTR) shares does Liberty Broadband hold after this transaction?

After the transaction, Liberty Broadband reports holding 40,016,863 Charter Class A Common shares indirectly through wholly-owned subsidiaries. This figure reflects its remaining ownership position after the 643,444-share issuer disposition reported in the Form 4 filing for Charter Communications.

What type of transaction did Liberty Broadband execute with Charter (CHTR)?

Liberty Broadband executed a disposition to the issuer, transferring 643,444 Charter Class A shares back to Charter. The transaction was exempt under Rule 16b-3 and carried out under existing stockholders and letter agreements among Liberty Broadband, Charter and Advance/Newhouse Partnership.

At what price were the Charter (CHTR) shares transferred by Liberty Broadband?

The 643,444 Charter Class A shares disposed of by Liberty Broadband were transferred at $221.79 per share. This price applies to the issuer disposition to Charter, which was reported as an exempt transaction under Rule 16b-3 in the Form 4 filing.

How does Liberty Broadband hold its Charter (CHTR) shares reported on this Form 4?

Liberty Broadband’s reported Charter position is held indirectly through wholly-owned subsidiaries. The Form 4 states the nature of ownership as indirect, with 40,016,863 shares remaining after the reported issuer disposition of 643,444 Charter Class A Common shares.

Under what agreements was Liberty Broadband’s Charter (CHTR) share disposition carried out?

The issuer disposition was carried out under a Second Amended and Restated Stockholders Agreement and several Letter Agreements among Liberty Broadband, Charter and Advance/Newhouse Partnership, as described in the Form 4 footnote referencing Rule 16b-3 exempt treatment.