Liberty Broadband (CHTR holder) transfers Charter shares back to issuer
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 386,045 shares
Net Sell
1 txn
Insider
Liberty Broadband Corp
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 386,045 | $231.71 | $89.45M |
Holdings After Transaction:
Class A Common Stock — 40,660,307 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.
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FAQ
Who reported the insider transaction for Charter Communications (CHTR)?
Liberty Broadband Corp reported the transaction as a director and greater-than-10% owner of Charter Communications. It holds its Charter Class A common stock indirectly through wholly owned subsidiaries, according to the ownership details provided in the disclosure.
How is Liberty Broadband’s ownership in Charter (CHTR) structured?
Liberty Broadband’s Charter Class A shares are reported as indirectly owned, with the nature of ownership described as “Held through wholly-owned subsidiaries.” This means affiliated entities, not Liberty Broadband directly, hold legal title to the shares.
Why is the Liberty Broadband–Charter (CHTR) transaction described as exempt?
The disposition is described as exempt under Rule 16b-3 of the Securities Exchange Act. It was executed pursuant to Charter’s Second Amended and Restated Stockholders Agreement and related letter agreements, which govern transactions among Charter and key stockholders.