Liberty Broadband Corp (CHTR) trims Charter stake in issuer transaction
Rhea-AI Filing Summary
Liberty Broadband Corp, a director and more than ten percent owner of Charter Communications, Inc., reported an indirect disposition of 9,900 shares of Class A Common Stock on August 13, 2026 in a transaction coded as a disposition to the issuer at $133.86 per share. After this exempt transaction under Rule 16b-3 and related stockholder and letter agreements, Liberty Broadband indirectly holds 38,583,663 Charter shares through wholly owned subsidiaries.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 9,900 shares
Net Sell
1 txn
Insider
Liberty Broadband Corp
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock F1 | 9,900 | $133.86 | $1.33M |
Holdings After Transaction:
Class A Common Stock — 38,583,663 shares (Indirect, Held through wholly-owned subsidiaries)
Footnotes (1)
- F1. 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.
Key Figures
Shares disposed: 9,900 shares of Class A Common Stock
Transaction price: $133.86 per share
Shares held after transaction: 38,583,663 shares
3 metrics
Shares disposed
9,900 shares of Class A Common Stock
Disposition to issuer on August 13, 2026
Transaction price
$133.86 per share
Price for the 9,900-share disposition to issuer
Shares held after transaction
38,583,663 shares
Indirect holdings through wholly owned subsidiaries after disposition
Key Terms
Rule 16b-3, Second Amended and Restated Stockholders Agreement, indirect, disposition to issuer
4 terms
Rule 16b-3 regulatory
"shares were sold to the Issuer in an exempt transaction pursuant to Rule 16b-3"
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 regulatory
"pursuant to the terms of the Second Amended and Restated Stockholders Agreement"
indirect financial
"total shares following transaction reported as indirect, held through wholly-owned subsidiaries"
disposition to issuer financial
"transaction coded as a disposition to issuer of 9,900 shares"
FAQ
What did Liberty Broadband Corp report in this Form 4 for CHTR?
Liberty Broadband Corp reported an indirect disposition of 9,900 shares of Charter Class A Common Stock on August 13, 2026, in a transaction coded as a disposition to the issuer at $133.86 per share.
How is Liberty Broadband’s ownership in CHTR characterized after the Form 4?
Liberty Broadband’s Charter holdings are reported as indirect ownership, with 38,583,663 shares held through wholly-owned subsidiaries, and Liberty is identified as both a director and more than ten percent owner.
Was the CHTR transaction linked to any specific agreements with Liberty Broadband?
Yes. The disposition is described as occurring under Rule 16b-3 pursuant to the Second Amended and Restated Stockholders Agreement and several letter agreements among Charter, Liberty Broadband and Advance/Newhouse Partnership.
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