Liberty Broadband director/10% owner disposes CHTR stock

Rhea-AI Filing Summary

Liberty Broadband Corporation, a director and >10% owner of Charter Communications, reported a sale of Class A common stock on 08/13/2025. The Form 4 shows a disposition of 262,840 shares at a reported price of $380.46 per share; the shares were sold to the issuer in an exempt transaction pursuant to Rule 16b-3 and related stockholder and letter agreements.

After the reported transaction, the reporting person beneficially owned 43,136,852 shares, with indirect holdings described as held through wholly-owned subsidiaries. The filing is administrative and documents a routine, contractually governed sale rather than new derivative activity or additional securities transactions.

Insights

Financial Analyst

TL;DR: Reporting person sold 262,840 CHTR Class A shares at $380.46, retaining substantial beneficial ownership of 43,136,852 shares.

The transaction is a direct disposition recorded on Form 4 and executed as an exempt sale to the issuer under Rule 16b-3 and existing shareholder agreements. The sale size is modest relative to the remaining beneficial position, indicating a limited change to the holder's overall stake. The reported price provides a concrete reference point for the transaction; however, no new derivatives or additional material changes to ownership structure are disclosed.

Corporate Governance Expert

TL;DR: Transaction executed under contractual agreements and Rule 16b-3; form documents compliance and indirect ownership through subsidiaries.

The filing emphasizes procedural compliance: the shares were sold to the issuer in an exempt transaction tied to the Second Amended and Restated Stockholders Agreement and related letter agreements. Indirect ownership is explicitly noted as held through wholly-owned subsidiaries, and the reporting person is identified as both a director and a >10% owner. This is a routine disclosure that clarifies ownership movement without signaling governance change or an unusual corporate event.

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

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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 CO 80112

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

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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
Class A Common Stock	08/13/2025		D(1)		262,840	D	$380.46	43,136,852	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, and 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.

	Liberty Broadband Corporation By: /s/ Brittany A. Uthoff; Name: Brittany A. Uthoff; Title: Vice President	08/13/2025
	** 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.
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FAQ

What did Liberty Broadband report on Form 4 regarding CHTR?

The Form 4 reports a disposition of 262,840 Class A shares of Charter Communications (CHTR) on 08/13/2025, sold at a reported price of $380.46 per share.

Who is the reporting person in this Form 4 for CHTR?

The reporting person is Liberty Broadband Corporation, identified as a Director and a 10% owner of the issuer.

How many CHTR shares did the reporting person own after the transaction?

Following the reported sale, the filing shows 43,136,852 shares beneficially owned.

Was this transaction an exempt sale or a market sale?

The filing states the shares were sold to the issuer in an exempt transaction pursuant to Rule 16b-3 under specified stockholder and letter agreements.

Is the reported CHTR ownership direct or indirect?

The filing indicates the post-transaction ownership is indirect (I) and is held through wholly-owned subsidiaries.