Liberty Broadband Corp 4

What Happened
Liberty Broadband Corporation, identified as a 10% owner of Charter Communications (CHTR), disposed of 129,907 Charter shares on July 14, 2026. The shares were sold to the issuer at $135.88 per share, for a total transaction value of $17,651,763. This was a sale (not a purchase), and the shares were transferred back to Charter rather than sold on the open market.

Key Details

• Transaction date and price: 2026-07-14 — 129,907 shares at $135.88 each.
• Total value: $17,651,763 (exact); about $17.65M (rounded).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: The sale was made to the issuer in an exempt transaction under Rule 16b-3, pursuant to terms of Charter’s Second Amended and Restated Stockholders Agreement and several related letter agreements (including a March 5, 2026 letter).
• Filing timeliness: Form 4 filed on 2026-07-14 (same day as the reported transaction).

Context
This filing involves a 10% owner (an institutional/ownership entity), not an individual executive. Sales by large shareholders can reflect contractual arrangements (here, a sale back to the company under shareholder agreements) rather than a direct signal about management’s view of the company. For retail investors, purchases by insiders often carry more interpretive weight; disposals—especially those executed to the issuer under prearranged agreements—are frequently routine or administrative.