Charter (CHTR): Liberty Broadband (10% Owner) Disposes 38.6M Shares

What Happened
Liberty Broadband Corp (a reported 10% owner of Charter Communications, ticker CHTR) reported an "other disposition" (transaction code J) of 38,583,663 Charter shares effective August 19, 2026. The filing lists no per-share price (N/A) and notes that, as a result of a corporate combination, Liberty Broadband no longer beneficially owns any Charter common stock and ceased to be subject to Section 16 reporting for the issuer. This was a corporate action (merger/combination), not an open-market sale by an individual insider.

Key Details

• Transaction date: August 19, 2026; Form 4 filed August 21, 2026 (timely).
• Transaction code: J (Other acquisition or disposition—corporate action).
• Shares disposed: 38,583,663; reported price: N/A.
• Shares owned after transaction: 0 (Liberty Broadband no longer beneficially owns Charter common stock).
• Footnote: Disposition resulted from the Combination under the Merger Agreement (Nov 12, 2024); Merger/Subsidiary reorganization caused the change in ownership and Section 16 status.
• Reporter type: 10% owner (institutional holder), not an individual officer/director trade.

Context
The filing reflects corporate restructuring under the Merger Agreement: Merger Sub merged into Liberty Broadband, then Liberty Broadband merged into Merger LLC, with Merger LLC surviving as a wholly owned subsidiary of Charter. Because the shares were disposed via that combination, the Form 4 does not show a market sale price or imply typical insider buying/selling intent. For retail investors, this is an institutional ownership change driven by a transaction structure rather than voluntary insider trading.