Comcast Co-CEO trades stock after large option exercises (CCZ)

Rhea-AI Filing Summary

Comcast Corp Co-CEO Michael J. Cavanagh reported multiple equity transactions dated February 11, 2026. He exercised two stock options for 294,495 and 441,743 shares of Class A common stock at an exercise price of $28.38 per share, acquiring shares directly and through a trust.

To cover exercise costs and related tax obligations, 294,495 shares held directly and 383,796 shares held through a trust were disposed of at prices around $32.66 per share, and a trust account sold 57,947 shares in an open-market sale at $32.66 per share. After these transactions, he held 38,633 shares directly, 622,336 and 238,540 shares through trust accounts, and 171,000 shares indirectly through his spouse.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cavanagh Michael J

(Last) (First) (Middle)

ONE COMCAST CENTER

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMCAST CORP [ CMCSA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/11/2026		M		294,495	A	$28.38	333,128	D
Class A Common Stock	02/11/2026		F		294,495	D	$32.66	38,633	D
Class A Common Stock	02/11/2026		M		441,743	A	$28.38	680,283	I	By Trust
Class A Common Stock	02/11/2026		S		57,947	D	$32.66	622,336	I	By Trust
Class A Common Stock	02/11/2026		F		383,796	D	$32.665	238,540	I	By Trust
Class A Common Stock								171,000	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase	$28.38	02/11/2026		M			294,495	(1)	03/17/2026	Class A Common Stock	294,495	$28.38	0.0000	D
Option to Purchase	$28.38	02/11/2026		M			441,743	(1)	03/17/2026	Class A Common Stock	441,743	$28.38	0.0000	I	By Trust

Explanation of Responses:

1. With respect to the number of shares set forth in Column 7, this option is immediately exercisable.

	Elizabeth Wideman, Attorney-in-fact	02/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions for CCZ did Comcast Co-CEO Michael J. Cavanagh report on February 11, 2026?

He exercised two stock options for 294,495 and 441,743 Comcast Class A shares at $28.38 per share. Related dispositions and one open-market sale at about $32.66 per share were also reported, reflecting routine equity compensation activity.

Did Michael J. Cavanagh buy or sell Comcast (CCZ) shares in the market?

The filing shows one open-market sale of 57,947 Comcast Class A shares at $32.66 per share, executed through a trust. Other share disposals were labeled as tax-withholding transactions tied to option exercises, not standard market sales.

How many Comcast (CCZ) shares did Michael J. Cavanagh acquire through option exercises?

He exercised options covering 294,495 and 441,743 shares of Comcast Class A common stock at an exercise price of $28.38 per share. These exercises converted derivative awards into directly and indirectly held common shares on February 11, 2026.

What Comcast (CCZ) share disposals were related to tax withholding for Michael J. Cavanagh?

The report lists 294,495 directly held shares and 383,796 trust-held shares disposed of using transaction code F at prices near $32.66 per share. Code F indicates shares were delivered to cover exercise price or tax liabilities, not discretionary selling.

What are Michael J. Cavanagh’s Comcast (CCZ) holdings after the reported Form 4 transactions?

After the February 11, 2026 transactions, he beneficially owned 38,633 Comcast Class A shares directly, 622,336 and 238,540 shares through trust accounts, and 171,000 shares indirectly through his spouse, as detailed in the beneficial ownership columns.

How are direct, trust, and spouse holdings reported for Comcast (CCZ) in this Form 4?

The filing classifies 38,633 shares as directly owned. Additional Class A shares are reported as indirectly owned “By Trust,” with separate trust positions, and 171,000 shares are reported as indirectly owned “By Spouse,” indicating different forms of beneficial ownership.