Charter Communications (CHTR) stake adjusted as Liberty Broadband transfers shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liberty Broadband Corp, a director and large shareholder of Charter Communications, disposed of 129,907 shares of Charter Class A common stock back to Charter at $135.88 per share in an exempt disposition to the issuer under Rule 16b-3 and existing stockholder and letter agreements. Following the transaction, Liberty Broadband, through wholly owned subsidiaries, indirectly holds 38,593,563 Charter shares.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Liberty Broadband Corp
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 129,907 | $135.88 | $17.65M |
Holdings After Transaction:
Class A Common Stock — 38,593,563 shares (Indirect, Held through wholly-owned subsidiaries)
Footnotes (1)
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Key Figures
Shares Disposed: 129,907 shares
Disposition Price: $135.88 per share
Shares Held After Transaction: 38,593,563 shares
+1 more
4 metrics
Shares Disposed
129,907 shares
Class A Common Stock disposed to issuer by Liberty Broadband
Disposition Price
$135.88 per share
Price at which Charter shares were transferred to the issuer
Shares Held After Transaction
38,593,563 shares
Indirect Charter holdings by Liberty Broadband through wholly owned subsidiaries
Transaction Date
2026-07-14
Date of issuer disposition reported on Form 4
Key Terms
Rule 16b-3, disposition to issuer, Second Amended and Restated Stockholders Agreement, Letter Agreement, +1 more
5 terms
Rule 16b-3 regulatory
"Such 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.
disposition to issuer financial
"transaction_code_description: Disposition to issuer"
Second Amended and Restated Stockholders Agreement financial
"pursuant to the terms of the Second Amended and Restated Stockholders Agreement"
Letter Agreement financial
"the Letter Agreement, dated February 23, 2021, between the Issuer and the Reporting Person"
wholly-owned subsidiaries financial
"nature_of_ownership: Held through wholly-owned subsidiaries"
FAQ
What insider transaction did Liberty Broadband report involving Charter Communications (CHTR)?
Liberty Broadband reported an exempt disposition of 129,907 shares of Charter Class A common stock back to Charter at $135.88 per share. The transfer was a disposition to the issuer carried out under existing stockholder and letter agreements.
Was Liberty Broadband’s Charter Communications (CHTR) transaction exempt under Rule 16b-3?
Yes. The shares were sold to Charter in an exempt transaction under Rule 16b-3 pursuant to the Securities Exchange Act of 1934. The disposition occurred under a Second Amended and Restated Stockholders Agreement and related letter agreements involving Charter and Liberty Broadband.
How is Liberty Broadband’s ownership in Charter Communications (CHTR) characterized in this filing?
Liberty Broadband’s Charter stake is characterized as indirect ownership, held “through wholly-owned subsidiaries.” The Form 4 identifies Liberty Broadband as both a director and a ten percent owner of Charter, with post-transaction holdings of 38,593,563 shares.