Liberty Broadband trims Charter Communications (CHTR) stake by 31K shares
Rhea-AI Filing Summary
Liberty Broadband Corp, a director and more than 10% owner of Charter Communications, disposed of 31,315 shares of Class A common stock back to Charter at $162.86 per share in a transaction classified as a disposition to the issuer.
After this exempt Rule 16b-3 transaction, Liberty Broadband indirectly holds 38,723,470 Charter shares through wholly owned subsidiaries, indicating only a small reduction in its overall position and no open-market trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 31,315 shares
Net Sell
1 txn
Insider
Liberty Broadband Corp
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 31,315 | $162.86 | $5.10M |
Holdings After Transaction:
Class A Common Stock — 38,723,470 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: 31,315 shares
Disposition price: $162.86 per share
Shares held after transaction: 38,723,470 shares
+2 more
5 metrics
Shares disposed
31,315 shares
Class A Common Stock disposed to issuer
Disposition price
$162.86 per share
Price for Class A Common Stock disposition
Shares held after transaction
38,723,470 shares
Indirect holdings following disposition
Transaction type
Disposition to issuer (Code D)
Non-derivative transaction classification
Ownership type
Indirect through subsidiaries
Nature of Liberty Broadband’s post-transaction holdings
Key Terms
Rule 16b-3, Second Amended and Restated Stockholders Agreement, disposition to issuer, indirect ownership
4 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 regulatory
"pursuant to the terms of the Second Amended and Restated Stockholders Agreement, dated as of May 23, 2015, as amended"
disposition to issuer financial
"transaction_action: "issuer disposition" and transaction_code_description: "Disposition to issuer""
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "Held through wholly-owned subsidiaries""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Liberty Broadband do in this Charter (CHTR) Form 4 filing?
Liberty Broadband disposed of 31,315 Charter Class A shares back to Charter. The transaction was a disposition to the issuer, not an open-market trade, and was carried out under existing stockholder and letter agreements.