Charter (NASDAQ: CHTR) director tied to 6.875% preferred stake: how large is it?
Rhea-AI Filing Summary
Charter Communications, Inc. (CHTR) reports on this Form 3 that director Taylor Alexander Cox is associated with significant indirect economic interests in its equity through Cox-related entities. Cox Communications Equity Holdings, Inc. (CCEH), a wholly owned subsidiary of Cox Enterprises, Inc., acquired Charter Communications Holdings Class C Common Units and Convertible Preferred Units on August 19, 2026; these units have no expiration date and carry voting rights via one share of Charter Class C Common Stock. The Class C Common Units held by CCEH are exchangeable, in certain circumstances, for cash or, at Charter’s election, Class A Common Stock on a one-for-one basis, subject to adjustments. The Convertible Preferred Units have a stated coupon and liquidation preference and are convertible into Class C Common Units at a fixed initial conversion price. The filing also lists Cox’s direct ownership of a smaller number of Charter Class A Common shares. Cox may be deemed to beneficially own the CCEH-held securities through his affiliations with Cox Family Voting Trust and Cox Enterprises, Inc., but he expressly disclaims beneficial ownership for Section 16 and other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Taylor Alexander Cox
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Charter Communications Holdings Class C Common Units F2, F1, F3, F4 | -- | -- | -- |
| holding | Charter Communications Holdings Convertible Preferred Units F5, F1, F3, F4 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Charter Communications Holdings Class C Common Units — 33,586,045 shares (Indirect, See Footnote);
Charter Communications Holdings Convertible Preferred Units — 12,567,840 shares (Indirect, See Footnote);
Class A Common Stock — 4,000 shares (Direct)
Footnotes (5)
- F1. Cox Communications Equity Holdings, Inc. ("CCEH") acquired the Class C Common Units (the "Class C Common Units") and the Convertible Preferred Units (the "Convertible Preferred Units") of Charter Communications Holdings, LLC ("Charter Communications Holdings") disclosed on this Form 3 on August 19, 2026 and such units have no expiration date. CCEH is entitled to voting rights with respect to the Class C Common Units and the Convertible Preferred Units through its ownership of one share of Class C Common Stock, par value $0.001 per share, of the Issuer.
- F2. Upon exchange by CCEH, the Class C Common Units owned by CCEH will be exchangeable, in certain circumstances, for cash or, at the Issuer's election, Class A Common Stock of the Issuer on a one-for-one basis, subject to certain adjustments.
- F3. The Reporting Person, by virtue of his affiliations with the Cox Family Voting Trust u/a/d 7/26/13 and Cox Enterprises, Inc., may be deemed to beneficially own the Class C Common Units and the Convertible Preferred Units owned directly by CCEH. CCEH is a wholly owned subsidiary of Cox Enterprises, Inc. and Cox Enterprises, Inc. is an indirect beneficial owner of the reported securities.
- F4. The Reporting Person disclaims beneficial ownership of the Class C Common Units and the Convertible Preferred Units owned by CCEH and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F5. Each of the 60,000,000 Convertible Preferred Units, which have an aggregate liquidation preference of $6.0 billion and 6.875% coupon, are convertible into Class C Common Units at an initial conversion price of $477.41 per unit, subject to certain adjustments. Upon exchange by CCEH, the Class C Common Units owned by CCEH will be exchangeable, in certain circumstances, for cash or, at the Issuer's election, Class A Common Stock of the Issuer on a one-for-one basis, subject to certain adjustments.
Key Figures
Underlying shares from Class C Common Units: 33,586,045 shares of Issuer Class A Common Stock
Underlying shares from Convertible Preferred Units: 12,567,840 shares of Issuer Class A Common Stock
Direct Class A Common Stock holdings: 4,000 shares
+4 more
7 metrics
Underlying shares from Class C Common Units
33,586,045 shares of Issuer Class A Common Stock
Underlying shares associated with Charter Communications Holdings Class C Common Units held indirectly
Underlying shares from Convertible Preferred Units
12,567,840 shares of Issuer Class A Common Stock
Underlying shares associated with Charter Communications Holdings Convertible Preferred Units held indirectly
Direct Class A Common Stock holdings
4,000 shares
Shares of Charter Class A Common Stock held directly by the reporting person after the reported holdings
Convertible Preferred Units outstanding
60,000,000 units
Number of Charter Communications Holdings Convertible Preferred Units referenced with stated terms
Aggregate liquidation preference
$6.0 billion
Liquidation preference for the 60,000,000 Convertible Preferred Units
Coupon on Convertible Preferred Units
6.875%
Stated coupon rate on the Charter Communications Holdings Convertible Preferred Units
Initial conversion price per unit
$477.41 per Convertible Preferred Unit
Initial conversion price of Convertible Preferred Units into Class C Common Units, subject to adjustments
Key Terms
Convertible Preferred Units, liquidation preference, coupon, one-for-one basis
4 terms
Convertible Preferred Units financial
"Each of the 60,000,000 Convertible Preferred Units, which have an aggregate liquidation"
Convertible preferred units are a type of ownership stake that pays holders priority on distributions (like a fixed income stream) but can be switched into common units or shares under agreed conditions. Think of them as a VIP ticket that guarantees earlier payouts yet can be exchanged for ordinary tickets if the owner wants a shot at bigger gains; investors care because conversion changes who controls the business, alters future earnings for common holders and can dilute existing ownership.
liquidation preference financial
"Convertible Preferred Units, which have an aggregate liquidation preference of $6.0 billion"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
coupon financial
"Convertible Preferred Units, which have an aggregate liquidation preference of $6.0 billion and 6.875% coupon"
A coupon is the regular interest payment a bond issuer promises to make to bondholders, usually expressed as a percentage of the bond’s face value. It matters to investors because it provides predictable income like a steady paycheck and helps determine a bond’s market value and sensitivity to interest rate changes — higher coupons cushion price drops, while low coupons make bonds more sensitive to rate swings.
one-for-one basis financial
"Class C Common Units owned by CCEH will be exchangeable, in certain circumstances, for cash or"
FAQ
What does the Form 3 filing disclose about CHTR director Taylor Alexander Cox?
It discloses that Taylor Alexander Cox, a director of Charter Communications, Inc. (CHTR), is associated with indirect interests in Class C Common Units and Convertible Preferred Units held by Cox Communications Equity Holdings, Inc., plus a direct holding of 4,000 shares of Charter Class A Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
