Optimum Communications (ATUS) CFO amends Form 4 to correct share count
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Optimum Communications, Inc. Chief Financial Officer Marc Sirota filed an amended insider report to correct his reported holdings of Class A common stock. The amendment fixes a prior Form 4 that, due to a ministerial error, understated his beneficial ownership.
The corrected filing shows Sirota directly beneficially owns 1,330,406 shares of Class A common stock following the previously reported transaction on February 27, 2026. The amendment reflects a reporting correction rather than a new stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sirota Marc
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 1,330,406 shares (Direct)
Footnotes (1)
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Key Figures
Shares beneficially owned: 1,330,406 shares
Form 4 filing date referenced: March 3, 2026
Transaction date: February 27, 2026
3 metrics
Shares beneficially owned
1,330,406 shares
Class A common stock held directly after 2026-02-27 transaction
Form 4 filing date referenced
March 3, 2026
Date of original Form 4 that underreported holdings
Transaction date
February 27, 2026
Date of the transaction after which holdings total is corrected
Key Terms
Form 4, beneficially owned, ministerial error, Class A common stock
4 terms
Form 4 regulatory
"the Reporting Person filed a Form 4 which, due to a ministerial error"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficially owned financial
"underreported the total number of shares of the Issuer's Class A common stock beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
ministerial error regulatory
"filed a Form 4 which, due to a ministerial error, underreported"
Class A common stock financial
"shares of the Issuer's Class A common stock beneficially owned"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Optimum Communications (ATUS) disclose in this amended Form 4?
Optimum Communications Chief Financial Officer Marc Sirota filed an amended Form 4 to correct his reported holdings. The prior filing understated his beneficial ownership, and the new report updates his total Class A common stock position to 1,330,406 shares.
Why was Marc Sirota’s earlier Optimum Communications (ATUS) Form 4 inaccurate?
A footnote explains that the earlier Form 4, filed on March 3, 2026, underreported Marc Sirota’s beneficially owned Class A shares due to a ministerial error. The amended filing is intended solely to reflect the correct total share count.
Does the amended Form 4/A for Optimum Communications (ATUS) change insider ownership structure?
The amendment updates, rather than restructures, insider ownership reporting. It corrects the CFO’s previously understated holdings to 1,330,406 Class A shares, aligning disclosed beneficial ownership with the actual position after the February 27, 2026 transaction.