Liberty Broadband disposes Charter shares to issuer
Liberty Broadband Corp, a major stockholder of Charter Communications, disposed of 386,045 shares of Charter Class A common stock at $231.71 per share in a transaction with the issuer.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Liberty Broadband Corp, a major stockholder of Charter Communications, disposed of 386,045 shares of Charter Class A common stock at $231.71 per share in a transaction with the issuer. The shares were held indirectly through wholly owned subsidiaries.
After this disposition to the issuer, Liberty Broadband’s associated holdings reported in this filing total 40,660,307 Charter shares. The transaction was carried out under existing stockholder and letter agreements and is described as exempt under Rule 16b-3.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 386,045 | $231.71 | $89.45M |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who reported the insider transaction for Charter Communications (CHTR)?
How is Liberty Broadband’s ownership in Charter (CHTR) structured?
Why is the Liberty Broadband–Charter (CHTR) transaction described as exempt?
AI-generated analysis. How Rhea-AI works. Not financial advice.