Khoury Jennifer 4

What Happened

• Jennifer Khoury, Chief Communications Officer at Comcast (CMCSA), exercised stock options on 2026-03-17 to acquire 10,867 shares at a strike price of $28.38, costing $308,405 (code M — option exercise).
• The Form 4 also reports dispositions: 10,514 shares were disposed/withheld at $30.08 to cover taxes or related obligations, generating $316,261 (code F — tax withholding). The filing records a related derivative disposition of 10,867 shares tied to the exercise.
• This sequence (exercise plus withholding/disposition) is typically a routine cashless exercise/tax-withholding transaction rather than a directional bet on the stock.

Key Details

• Transaction date: 2026-03-17; Filing date: 2026-03-18 (filed timely; Form 4 due within two business days).
• Option exercise: 10,867 shares acquired at $28.38 each — total cost $308,405.
• Tax/withholding disposition: 10,514 shares disposed at $30.08 — proceeds $316,261.
• Additional line: 10,867-share derivative disposition is reported (reflects conversion/administrative reporting of the exercised option).
• Footnote: the option was "immediately exercisable" (F1).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.

Context

• For retail investors: exercising options converts an option into company shares. It’s common for insiders to immediately have shares withheld or sold to cover exercise costs and taxes; such transactions are generally administrative and not necessarily a signal of sentiment.
• The filing codes: M = option exercise (acquired shares); F = payment of exercise price or tax liability (shares disposed/withheld).