(CHTR)

Role: Director, 10%+ Owner
Signature: Advance/Newhouse Partnership, By: /s/ Oren Klein, Chief Financial Officer
Stock symbol: CHTR
Transactions as of: Jul 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/25/2023, 03:22 PM
Previous filing: Jul 6, 2023
Next filing: Aug 7, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CHTR	Call option (obligation to sell)	Purchase	-627K	-29.86%	1.47M	Jul 21, 2023	Common Stock	627K	$643.08	Direct	F1, F2
transaction	CHTR	Call option (obligation to sell)	Purchase	-179K	-29.86%	421K	Jul 21, 2023	Common Stock	179K	$643.08	Direct	F1, F2
transaction	CHTR	Put option (right to sell)	Sale	-627K	-29.86%	1.47M	Jul 21, 2023	Common Stock	627K	$445.49	Direct	F1, F2
transaction	CHTR	Put option (right to sell)	Sale	-179K	-29.86%	421K	Jul 21, 2023	Common Stock	179K	$445.49	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 4, 2020, Advance/Newhouse Partnership ("A/N") established a credit facility backed by an equity collar transaction and an aggregate of 4,000,000 Class B Common Units of Charter Communications Holdings, LLC ("Units") to provide financial flexibility to support its ongoing estate planning and its investment program and for other general corporate purposes. A/N entered into Share Collar Transactions (the "Transactions") with unaffiliated banks, pursuant to which A/N wrote European call options and purchased European put options over an aggregate of 4,000,000 shares of Class A common stock (the "Common Stock") of Charter Communications, Inc. (the "Issuer"). Under the agreement, the Transactions may be settled in cash unless A/N elects physical settlement, in which case it expects to exchange Units for Class A Common Stock sufficient to satisfy its obligations under the Transactions. A portion of the Transactions was previously unwound.
F2	On July 21, 2023, A/N early terminated a portion of the Transactions, with expiration dates running from August 12, 2024 to September 5, 2024, inclusive, and an equivalent portion of the corresponding credit facility. The terminated Transactions covered 806,175 shares of Class A Common Stock, and, in connection with this termination, 806,175 Units were released from the related pledge. Pursuant to this termination, the unaffiliated bank counterparties paid approximately $67.6 million in cash to A/N.

Content

On February 4, 2020, Advance/Newhouse Partnership ("A/N") established a credit facility backed by an equity collar transaction and an aggregate of 4,000,000 Class B Common Units of Charter Communications Holdings, LLC ("Units") to provide financial flexibility to support its ongoing estate planning and its investment program and for other general corporate purposes. A/N entered into Share Collar Transactions (the "Transactions") with unaffiliated banks, pursuant to which A/N wrote European call options and purchased European put options over an aggregate of 4,000,000 shares of Class A common stock (the "Common Stock") of Charter Communications, Inc. (the "Issuer"). Under the agreement, the Transactions may be settled in cash unless A/N elects physical settlement, in which case it expects to exchange Units for Class A Common Stock sufficient to satisfy its obligations under the Transactions. A portion of the Transactions was previously unwound.

On July 21, 2023, A/N early terminated a portion of the Transactions, with expiration dates running from August 12, 2024 to September 5, 2024, inclusive, and an equivalent portion of the corresponding credit facility. The terminated Transactions covered 806,175 shares of Class A Common Stock, and, in connection with this termination, 806,175 Units were released from the related pledge. Pursuant to this termination, the unaffiliated bank counterparties paid approximately $67.6 million in cash to A/N.