Comcast (NYSE: CCZ) Co-CEO exercises 984,320 options, delivers shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brian L. Roberts, Chairman of the Board and Co-CEO of Comcast, reported option exercises and related share transactions in Class A Common Stock. On February 11, 2026, he exercised an option for 984,320 shares at $28.38 per share, increasing his direct holdings to 6,801,045.526 shares.
On the same date, 907,653 shares were disposed of in a transaction coded "F" at $32.695 per share, reflecting shares delivered to cover the exercise price or tax obligations, leaving 5,893,392.526 shares held directly. The filing also lists 286,044 shares held indirectly by his spouse and 15,772,421 shares held indirectly by trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
984,320 shares exercised/converted
Mixed
5 txns
Insider
ROBERTS BRIAN L
Role
Chairman of Board & Co-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to Purchase | 984,320 | $28.38 | $27.94M |
| Exercise | Class A Common Stock | 984,320 | $28.38 | $27.94M |
| Tax Withholding | Class A Common Stock | 907,653 | $32.695 | $29.68M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to Purchase — 0 shares (Direct);
Class A Common Stock — 6,801,045.526 shares (Direct);
Class A Common Stock — 286,044 shares (Indirect, By Spouse)
Footnotes (1)
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FAQ
What insider transaction did Brian L. Roberts report for CCZ?
Brian L. Roberts reported exercising options for 984,320 Comcast Class A shares at $28.38 each. This derivative conversion increased his direct holdings before a subsequent tax-related share disposition reduced the reported directly held balance.
What does the transaction code M mean in the CCZ Form 4 filing?
Transaction code M indicates the exercise or conversion of a derivative security, such as a stock option. In this filing, it reflects Roberts exercising options to acquire 984,320 Comcast Class A shares at an exercise price of $28.38 per share.
What does the transaction code F represent in this Comcast insider report?
Transaction code F represents delivery of shares to pay the exercise price or tax liability. Here, 907,653 Comcast Class A shares were disposed of at $32.695 per share to satisfy obligations arising from the same-day option exercise.
Were Brian L. Roberts’ options immediately exercisable in this Form 4?
Yes. A footnote explains that the option referenced in Column 7 was immediately exercisable. This means the 984,320-share option could be converted into Comcast Class A stock without any further vesting conditions on the reported transaction date.