Optimum director swaps 58K shares for units

Optimum Communications, Inc. director Susan C. Schnabel transferred 58,000 shares of Class A common stock to CSC Investments II LLC, a wholly owned subsidiary of the company, in a non-cash exchange.

Accepted by SEC EDGAR 06/02/2026 - 06:17 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Optimum Communications, Inc. director Susan C. Schnabel transferred 58,000 shares of Class A common stock to CSC Investments II LLC, a wholly owned subsidiary of the company, in a non-cash exchange. She received 145 Preferred Units in CSC in return, with the exchange approved in advance by the board under Rule 16b-3(e). After this disposition to the issuer subsidiary, she directly holds 125,697 Class A shares.

Insider Trade Summary

Disposition: 58,000 shares

Disposition 1 txn

Insider SCHNABEL SUSAN C

Role Director

Type	Security	Shares	Price	Value
Disposition	Class A common stock	58,000	$0.00	$0.00

Holdings After Transaction: Class A common stock — 125,697 shares (Direct)

Footnotes (1)

1. F1. On May 29, 2026, Ms. Schnabel agreed to contribute 58,000 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 145 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.

Key Figures

Shares disposed: 58,000 shares Preferred Units received: 145 Preferred Units Shares held after: 125,697 shares +2 more

5 metrics

Shares disposed 58,000 shares Class A common stock contributed on May 29, 2026

Preferred Units received 145 Preferred Units Units in CSC Investments II LLC received in exchange

Shares held after 125,697 shares Direct Class A common stock holdings after transaction

Transaction price per share $0.00 per share Non-cash disposition to issuer subsidiary

Transaction date May 29, 2026 Date of disposition and exchange for Preferred Units

Key Terms

Class A common stock, Preferred Units, wholly-owned subsidiary, Rule 16b-3(e), +1 more

5 terms

Class A common stock financial

"58,000 shares of Class A common stock of the Issuer to CSC Investments II LLC"

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.

Preferred Units financial

"in exchange for 145 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.

wholly-owned subsidiary financial

"CSC Investments II LLC ("CSC"), a wholly-owned subsidiary of the Issuer"

A wholly-owned subsidiary is a company whose entire ownership is held by another company, called the parent, so the parent controls all shares, board appointments and major decisions. For investors this matters because the subsidiary’s profits, losses, assets and liabilities are treated as part of the parent’s financial picture, affecting valuation and risk exposure — imagine a parent owning a single storefront outright and consolidating its receipts and bills into the parent’s books.

Rule 16b-3(e) regulatory

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

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Optimum Communications (OPTU) director Susan Schnabel do in this Form 4?

Director Susan Schnabel contributed 58,000 Optimum Class A shares to CSC Investments II LLC, a wholly owned subsidiary, in a non-cash exchange. She received 145 Preferred Units in CSC and the transaction was approved in advance by the board under Rule 16b-3(e).

How many Optimum Communications (OPTU) shares did Susan Schnabel dispose of?

Susan Schnabel disposed of 58,000 shares of Optimum Class A common stock by contributing them to CSC Investments II LLC. This disposition was recorded at a price of $0.00 per share, reflecting an exchange rather than an open-market sale, in return for 145 Preferred Units in CSC.

What did Susan Schnabel receive for the 58,000 Optimum (OPTU) shares?

In exchange for 58,000 Optimum Class A shares, Susan Schnabel received 145 Preferred Units in CSC Investments II LLC. CSC is a wholly owned subsidiary of Optimum Communications, and the transaction represents an internal equity exchange rather than a cash sale on the open market.

Is Susan Schnabel’s Optimum (OPTU) transaction an open-market sale of shares?

No, the transaction is not an open-market sale. The filing shows a disposition to the issuer, where 58,000 shares were contributed to CSC Investments II LLC in exchange for 145 Preferred Units, with no cash price per share reported and approval under Rule 16b-3(e).

How many Optimum Communications (OPTU) shares does Susan Schnabel hold after the transaction?

After contributing 58,000 shares to CSC Investments II LLC, Susan Schnabel directly holds 125,697 shares of Optimum Class A common stock. This post-transaction holding figure comes from the Form 4’s total shares following transaction field for her direct ownership position.

Was Susan Schnabel’s Optimum (OPTU) share exchange board-approved?

Yes, the exchange was board-approved. The footnote states that Optimum’s Board of Directors approved the contribution of 58,000 shares and receipt of 145 Preferred Units in advance, pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934, which governs insider-related transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

SCHNABEL SUSAN 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)

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

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		58,000(1)	D	(1)	125,697	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, Ms. Schnabel agreed to contribute 58,000 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 145 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/ Susan C. Schnabel	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)