Comcast SEC Filings

Comcast Corporation has completed the previously announced spin-off of Versant Media Group, Inc., separating its portfolio of cable television networks and digital platforms into an independent company. The separation became effective at 11:59 p.m. Eastern Time on January 2, 2026.

Comcast distributed 100% of Versant’s Class A and Class B common stock to holders of Comcast Class A and Class B common stock of record as of December 16, 2025, at a rate of one Versant share for every 25 Comcast shares. Fractional Versant shares will be sold in the open market and eligible Comcast stockholders will receive cash for their fractional interests. After the distribution, Comcast no longer owns any Versant shares, and Versant Class A stock trades on Nasdaq under the symbol “VSNT.”

Comcast Corporation disclosed a new employment agreement with Michael J. Cavanagh in connection with his upcoming appointment as Co-Chief Executive Officer on January 2, 2026. The agreement secures his role through January 1, 2029.

Mr. Cavanagh will receive an annual base salary of $2,750,000, and his annual performance-based cash bonus target will remain at 300% of base salary. He also received a performance-based restricted stock unit award valued at approximately $35 million, with the number of units based on a five-day volume weighted-average price of the Class A common stock before the record date for the planned Versant spin-off.

The performance award cliff vests after three years if both time-based and performance-based conditions are met, using metrics generally consistent with Comcast’s annual equity program. The award includes protections for certain termination scenarios, including pro-rata vesting for Good Reason or termination without Cause, and full or performance-based vesting upon death or disability.

Comcast Corporation plans to redeem all outstanding 3.15% Notes due March 1, 2026 and 5.350% Notes due November 15, 2027. The company has notified The Bank of New York Mellon, as trustee, that it will pay the redemption price for the 2026 Notes, plus accrued and unpaid interest, on approximately $2.1 billion of principal, and similarly redeem approximately $650 million of the 2027 Notes in full.

The redemption date for both series will be January 15, 2026, so holders will receive principal and accrued interest before the original maturity dates. Comcast also stated that this report does not constitute the formal notice of redemption, which will be delivered separately under the governing indentures.

Comcast Corporation updated its capital structure as it prepares for a planned spin-off of certain cable networks and digital assets into Versant Media Group, Inc. Comcast first amended and restated its articles of incorporation to remove obsolete preferred stock provisions and integrate a prior change to its registered office provider.

Comcast then created a new Class A Equivalent Preferred Stock and, on December 15, 2025, issued 0.001 Preferred Share for each Class A Common Share held by certain wholly-owned subsidiaries, for a total of 872,791.0278 Preferred Shares. These Preferred Shares are redeemable into Comcast Class A Common Stock and are intended to prevent those subsidiaries from receiving SpinCo common stock if the spin-off distribution is completed, using a redemption rate set in the designation amendment.

Comcast Corporation announced that its Board of Directors has approved the separation of certain cable television networks and related digital platforms into a new company, Versant Media Group, Inc.. The separation will occur through a pro rata stock distribution of 100% of Versant’s Class A and Class B common stock to Comcast shareholders of the corresponding classes as of the December 16, 2025 record date. Each Comcast shareholder on the record date will receive one share of Versant stock for every 25 shares of Comcast Class A or Class B common stock held. The distribution is expected to be completed after the close of trading on Nasdaq on January 2, 2026, after which Versant will be an independent, publicly traded company and Comcast will retain no ownership interest, subject to customary conditions.

Comcast Corporation director filed a Form 4 reporting an acquisition of Class A common stock. On 11/20/2025, the reporting person acquired 9,013 shares of Comcast Class A common stock at a stated price of $0.0000, which typically reflects a grant rather than an open-market purchase. Following this transaction, the reporting person beneficially owns 390,851.721 Class A shares directly and an additional 500 Class A shares indirectly through trusts.

COMCAST CORP director reported an equity grant under Section 16 rules. On 11/20/2025, the insider acquired 9,013 shares of Class A common stock at a reported price of $0.0000 per share. Following this transaction, the director beneficially owns 63,562.59 shares, held directly.

A director of Comcast Corporation (CMCSA) filed a Form 4 reporting changes in ownership of Class A common stock as of 11/20/2025. The filing shows an acquisition of 9,013 shares of Class A common stock at a reported price of $0.0000 per share, coded as an "A" transaction. On the same date, the director also reported a "F" coded transaction involving the disposition of 277 shares at a price of $26.63 per share.

After these transactions, the director beneficially owns 21,077.608 shares of Comcast Class A common stock, held in direct ownership. The Form 4 is filed for a single reporting person in the capacity of director, and the signature line identifies an attorney-in-fact signing on the reporting person’s behalf.

Comcast Corporation director reports acquisition of additional shares. A Comcast Corp (CMCSA) director filed a Form 4 showing an acquisition of 9,013 shares of Class A common stock on 11/20/2025 at a stated price of $0.0000 per share. After this transaction, the director now beneficially owns 251,548.6224 Class A shares in a direct capacity. The report also notes an additional 20,150 Class A shares held indirectly through trusts. This reflects an increase in the director’s equity stake but does not change control of the company.