Optimum Communications (OPTU) exec exchanges 218,800 shares for preferred units

Rhea-AI Filing Summary

Optimum Communications, Inc. executive Parker Michael C., President of Consumer Services, transferred 218,800 shares of Class A common stock back to the company on May 29, 2026. The shares were contributed to CSC Investments II LLC, a wholly owned subsidiary, in exchange for 547 Preferred Units in CSC.

After this non-cash disposition to the issuer, Parker held 1,011,488 shares of Class A common stock directly. The exchange was approved in advance by the Board of Directors under Rule 16b-3(e) of the Securities Exchange Act of 1934.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Parker Michael C.

Role President of Consumer Services

Type	Security	Shares	Price	Value
Disposition	Class A common stock	218,800	$0.00	--

Holdings After Transaction: Class A common stock — 1,011,488 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares disposed: 218,800 shares Shares held after: 1,011,488 shares Preferred Units received: 547 Preferred Units

3 metrics

Shares disposed 218,800 shares Class A common stock contributed on May 29, 2026

Shares held after 1,011,488 shares Direct Class A common stock holdings post-transaction

Preferred Units received 547 Preferred Units Units in CSC Investments II LLC received in exchange

Key Terms

Disposition to issuer, Preferred Units, Rule 16b-3(e), Class A common stock

4 terms

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

Preferred Units financial

"in exchange for 547 Preferred Units in CSC"

Preferred units are a class of ownership interests in a partnership or trust that pay fixed or priority distributions before common units, similar to having a reserved lane for getting paid first. They matter to investors because they typically offer steadier income and lower risk of missed payments than common units, but usually provide less upside if the business grows.

Rule 16b-3(e) regulatory

"approved in advance by the Board of Directors ... pursuant to Rule 16b-3(e)"

Class A common stock financial

"218,800 shares of Class A common stock of the Issuer"

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Parker Michael C.

(Last) (First) (Middle)

1 COURT SQUARE WEST

(Street)

LONG ISLAND CITY NEW YORK 11101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Optimum Communications, Inc. [ OPTU ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President of Consumer Services

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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

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

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

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	05/29/2026(1)	05/29/2026(1)	D		218,800(1)	D	(1)	1,011,488	D

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

Explanation of Responses:

1. On May 29, 2026, Mr. Parker agreed to contribute 218,800 shares of Class A common stock of the Issuer to CSC Investments II LLC ("CSC"), a wholly-owned subsidiary of the Issuer, in exchange for 547 Preferred Units in CSC. The exchange was approved in advance by the Board of Directors of the Issuer pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934.

	/s/ Michael C. Parker	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Optimum Communications executive Parker Michael C. report in this Form 4?

Parker Michael C. reported a disposition of 218,800 shares of Optimum Communications Class A common stock to a company subsidiary. In return, he received 547 Preferred Units in CSC Investments II LLC, reflecting an internal equity exchange rather than an open-market trade.

Was the Optimum Communications Form 4 transaction an open-market sale of shares?

No, the transaction was a disposition to the issuer, not an open-market sale. Parker contributed 218,800 Class A shares to CSC Investments II LLC, a wholly owned subsidiary, in exchange for 547 Preferred Units, making it a non-cash internal restructuring step.

How many Optimum Communications shares does Parker hold after this reported transaction?

After the reported disposition, Parker directly holds 1,011,488 shares of Optimum Communications Class A common stock. This post-transaction balance shows he retains a substantial equity position following the exchange for Preferred Units in the company’s subsidiary CSC Investments II LLC.

What did Parker receive for contributing 218,800 Optimum Communications shares?

Parker received 547 Preferred Units in CSC Investments II LLC for contributing 218,800 Class A common shares. CSC is a wholly owned subsidiary of Optimum Communications, so the transaction effectively swapped direct common stock holdings for preferred equity in an internal entity.

Did the Optimum Communications board approve Parker’s equity exchange transaction?

Yes, the exchange was approved in advance by Optimum Communications’ Board of Directors. The approval was granted pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934, which governs certain insider transactions with the issuer or its affiliates.