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Charter: Cox suspends share repurchase participation

The agreement tied Cox’s monthly participation to Charter’s prior-month repurchases and required cash settlement, subject to specified exclusions.

(Moderate)

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Charter Communications, Inc. reported that Cox Enterprises delivered a suspension notice on September 28, 2026, suspending Cox Enterprises’ participation in share repurchases under the Repurchase Letter Agreement until Cox revokes the notice by written notice. The agreement allowed Cox to sell Class A shares or Class C units to Charter or Charter Holdings monthly, in a pro rata amount tied to Charter’s preceding-month repurchases or redemptions, with settlement in cash.

Cox Enterprises and its wholly owned subsidiary, Cox Communications Equity Holdings, Inc., each reported beneficial ownership of 46,153,885 Class A shares, or 28.7%, on an as-converted, as-exchanged basis. The percentage calculation includes Charter’s 114,437,206 Class A shares outstanding as of August 31, 2026, plus shares issuable upon exchange or conversion of the reporting persons’ units.

Beneficial ownership reported by each reporting person 46,153,885 shares Charter Class A common stock, on an as-converted, as-exchanged basis
Beneficial ownership percentage 28.7% Reported by each reporting person on an as-converted, as-exchanged basis
Class A shares outstanding 114,437,206 shares As of August 31, 2026
Class C common units 33,586,045 units Units exchangeable, in certain circumstances, for cash or, at Charter’s election, Class A shares
Preferred Units aggregate liquidation preference $6.0 billion Convertible preferred units of Charter Holdings
Initial conversion price Approximately $477.41 per unit Preferred Units, subject to adjustments
as-converted, as-exchanged basis financial
"on an as-converted, as-exchanged basis"
A calculation that shows what share counts, ownership percentages, or per-share figures would look like if all convertible instruments (like convertible bonds, preferred shares, warrants, and options) were converted or exchanged into common stock. It matters to investors because it reveals potential dilution and how financial metrics would change if those conversions occurred, like looking at a recipe after adding all expected ingredients to see the final serving size.
liquidation preference financial
"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.
pro rata participation financial
"represents a pro rata participation by Cox Enterprises and its affiliates"
An entitlement that lets an investor receive or buy additional securities in proportion to their existing ownership or stake, so each holder keeps the same percentage share after the new issuance. Think of a pie where everyone is offered extra slices proportional to the slices they already hold; it matters to investors because it determines whether and how they can maintain their ownership percentage and voting or economic rights when a company issues more shares or securities.
cashless exercise financial
"cashless exercise of or payment of withholding taxes"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Third Amended and Restated Stockholders Agreement financial
"entered into the Third Amended and Restated Stockholders Agreement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What changed in Cox Enterprises’ $CHTR repurchase arrangement?

Cox Enterprises delivered a suspension notice on September 28, 2026, suspending repurchases under the Repurchase Letter Agreement until Cox revokes the notice by written notice.

How many $CHTR shares do Cox Enterprises and Cox Communications Equity Holdings report?

Both reporting persons reported beneficial ownership of 46,153,885 Charter Class A shares, representing 28.7% on an as-converted, as-exchanged basis.

How does Cox’s $CHTR repurchase participation work?

Cox Enterprises could sell Class A shares or Class C units to Charter or Charter Holdings monthly, in a pro rata amount tied to Charter’s prior-month repurchases or redemptions from persons other than Cox Enterprises or Advance/Newhouse Partnership. The price was based on Charter’s average price for those transactions, excluding privately negotiated transactions and specified equity-award-related deemed repurchases; settlement was in cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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16119P108

(CUSIP Number)
Attn: Deborah M. Lucy
Cox Communications Equity Holdings, Inc., 6205-A Peachtree Dunwoody Road
Atlanta, GA, 30328
678-645-0000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/28/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 2: On August 19, 2026, Charter Communications, Inc. (the "Issuer"), Cox Enterprises, Inc. ("Cox Enterprises"), Cox Communications Equity Holdings, Inc. ("CCEH") and Advance/Newhouse Partnership (together with the Issuer, Cox Enterprises and CCEH, the "Stockholders") entered into the Third Amended and Restated Stockholders Agreement (the "Third Amended and Restated SHA"), which contains provisions relating to the transfer, ownership and voting of the Issuer's securities by Cox Enterprises and CCEH. Cox Enterprises expressly disclaims the existence of any membership in a group with the other Stockholders. See Item 6 of the Schedule 13D. Note to Rows 8, 10 and 11: Includes shares of Class A Common Stock of the Issuer, par value $0.001 per share (the "Class A Common Stock"), issuable upon (a) exchange of 33,586,045 Class C common units (the "Class C Common Units") of Charter Communications Holdings, LLC, a subsidiary of the Issuer ("Charter Holdings"), and (b) conversion of convertible preferred units of Charter Holdings with an aggregate liquidation preference of $6.0 billion (the "Preferred Units") and the exchange of the resulting Class C Common Units. Each Class C Common Unit is exchangeable, in certain circumstances, for cash or, at the Issuer's election, one share of Class A Common Stock, subject to certain adjustments. The Preferred Units are convertible into Class C Common Units at an initial conversion price of approximately $477.41 per unit, subject to certain adjustments. CCEH is wholly owned by Cox Enterprises. Cox Enterprises may be deemed to share beneficial ownership over the shares of Class A Common Stock beneficially owned by CCEH. Note to Row 12: Excludes shares beneficially owned by the executive officers and directors of the Reporting Persons. Note to Row 13: The percentage reported in this Amendment No. 1 (this "Amendment") to the Statement on Schedule 13D, which was jointly filed on August 25, 2026 by Cox Enterprises and CCEH (the "Schedule 13D") is based on 114,437,206 shares of Class A Common Stock outstanding as of August 31, 2026, as confirmed by the Issuer. The percentage provided represents the number of shares of Class A Common Stock beneficially owned by the applicable Reporting Person on an as-converted, as-exchanged basis divided by the sum of (i) the amount of Class A Common Stock currently outstanding as reported by the Issuer plus (ii) the amount of Class A Common Stock issuable upon exchange or conversion, as applicable of the Class C Common Units and Preferred Units, in each case, held by the Reporting Persons.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 2: On August 19, 2026, the Stockholders entered into the Third Amended and Restated SHA, which contains provisions relating to the transfer, ownership and voting of the Issuer's securities by Cox Enterprises and CCEH. CCEH expressly disclaims the existence of any membership in a group with the other Stockholders. See Item 6 of the Schedule 13D. Note to Rows 8, 10 and 11: Includes shares of Class A Common Stock issuable upon (a) exchange of 33,586,045 Class C Common Units and (b) conversion of the Preferred Units and the exchange of the resulting Class C Common Units. Each Class C Common Unit is exchangeable, in certain circumstances, for cash or, at the Issuer's election, one share of Class A Common Stock, subject to certain adjustments. The Preferred Units are convertible into Class C Common Units at an initial conversion price of approximately $477.41 per unit, subject to certain adjustments. Note to Row 12: Excludes shares beneficially owned by the executive officers and directors of the Reporting Persons. Note to Row 13: The percentage reported in this Amendment is based on 114,437,206 shares of Class A Common Stock outstanding as of August 31, 2026, as confirmed by the Issuer. The percentage provided represents the number of shares of Class A Common Stock beneficially owned by the applicable Reporting Person divided by the sum of (i) the amount of Class A Common Stock currently outstanding as reported by the Issuer plus (ii) the amount of Class A Common Stock issuable upon exchange or conversion, as applicable of the Class C Common Units and Preferred Units, in each case, held by the Reporting Persons.


SCHEDULE 13D


Cox Enterprises, Inc.
Signature:/s/ Jennifer Hightower
Name/Title:Jennifer Hightower, Executive Vice President, Chief Legal Officer
Date:09/30/2026
Cox Communications Equity Holdings, Inc.
Signature:/s/ Jennifer Hightower
Name/Title:Jennifer Hightower, Secretary
Date:09/30/2026

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