SCHEDULE: Charter Communications Preferred Stock Ownership Update

Ronald A. Duncan reports beneficial ownership of 474,976 shares of Charter Communications Series A Cumulative Redeemable Preferred Stock, representing 6.6% of the class.

Summary

• Ronald A. Duncan is filing a Schedule 13G, indicating beneficial ownership of Charter Communications, Inc. Series A Cumulative Redeemable Preferred Stock.
• The total number of shares beneficially owned is 474,976, representing 6.6% of the outstanding class.
• This ownership includes shares directly held, shares held by 560 Company, Inc. (55% owned by Mr. Duncan), shares held by Missy, LLC (where Mr. Duncan is managing member), shares held by a foundation controlled by Mr. Duncan, and shares held by his wife, Dani Bowman (beneficial ownership disclaimed by Mr. Duncan).
• A significant portion, 396,400 shares, were pledged as security for margin loan facilities as of July 31, 2026.
• The filing is made as of August 19, 2026, with outstanding shares of Preferred Stock reported as 7,183,812 as of the same date.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative score due to the disclosure of pledged shares and the nature of the reporting person's beneficial ownership, which includes shares held by related entities and a foundation.

Positives

• Ronald A. Duncan maintains a significant ownership stake of 6.6% in Charter Communications' Series A Cumulative Redeemable Preferred Stock.
• The filing clearly details the breakdown of beneficial ownership across various entities and individuals, providing transparency.

Negatives

• A substantial number of shares (396,400) are pledged as security for margin loan facilities, potentially limiting dispositive power or indicating leverage.
• The beneficial ownership is spread across multiple entities and individuals, including those where Mr. Duncan has indirect control or voting power, which can complicate governance and decision-making.

Risks

• The pledging of 396,400 shares as security for margin loan facilities introduces a risk that these shares could be subject to liquidation if loan covenants are not met.
• The complex structure of beneficial ownership, involving a company, an LLC, and a foundation, could present challenges in unified decision-making or strategic alignment.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. It is a disclosure of beneficial ownership as of a specific date.

Management Comments

• Ronald A. Duncan certifies that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than in connection with a nomination under Rule 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for significant beneficial ownership of public companies. The focus on preferred stock by a significant individual investor like Ronald A. Duncan is noteworthy in the telecommunications sector, where capital structure can be complex.

Comparison to Industry Standards

• The 6.6% ownership stake by Ronald A. Duncan in Charter Communications' Series A Cumulative Redeemable Preferred Stock is a substantial holding for an individual investor, often exceeding the typical threshold for passive investors.
• The disclosure of pledged shares is a common practice but the high proportion (396,400 out of 474,976) is significant and warrants attention compared to other investors who may not have such leverage arrangements.
• The ownership structure, involving multiple entities (560 Company, Inc., Missy, LLC, a foundation) and family members, is more complex than a simple direct individual holding, which can be seen in various investor profiles across the industry.

Related Party Transactions

• Shares held by 560 Company, Inc. (55% owned by Mr. Duncan).
• Shares held by Missy, LLC (Mr. Duncan is managing member, 25% owned by RAD, LLC, of which Mr. Duncan is controlling member, 25% owned by Dani Bowman, 50% owned by Mr. Duncan's adult daughter).
• Shares held by a foundation over which Mr. Duncan has voting control.
• Shares held by Dani Bowman (Mr. Duncan's wife).

Stakeholder Impact

• Shareholders: The significant percentage of pledged shares may impact the liquidity or voting power of this block, potentially influencing corporate actions or shareholder proposals.
• Creditors: The margin loan facilities indicate a financial obligation tied to the preferred stock, which could affect creditors if loan terms are breached.
• Management: The complexity of beneficial ownership might require careful communication and alignment with Mr. Duncan and associated entities.

Next Steps

• Monitor future filings by Ronald A. Duncan and related entities for any changes in beneficial ownership.
• Observe the status of the margin loan facilities and the pledged shares.

Key Dates

Keywords

Charter Communications, Preferred Stock, Schedule 13G, Beneficial Ownership, Ronald A. Duncan, Pledged Shares, Margin Loan