Planned sale: Optimum Communications (OPTU) insider sells 20,000 shares

Rhea-AI Filing Summary

Optimum Communications, Inc. General Counsel and CCRO Michael Olsen executed an open-market sale of 20,000 shares of Class A common stock at $1.29 per share. After the transaction on April 1, 2026, he directly held 1,219,781 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 1, 2025, indicating the trade was scheduled in advance rather than timed discretionarily.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($25,800)

Net Sell 1 txn

Insider Olsen Michael

Role General Counsel and CCRO

Sold 20,000 shs ($26K)

Type	Security	Shares	Price	Value
Sale	Class A common stock	20,000	$1.29	$26K

Holdings After Transaction: Class A common stock — 1,219,781 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 20,000 shares Sale price: $1.29 per share Shares held after sale: 1,219,781 shares

3 metrics

Shares sold 20,000 shares Open-market sale on April 1, 2026

Sale price $1.29 per share Class A common stock transaction

Shares held after sale 1,219,781 shares Direct ownership following transaction

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A common stock

3 terms

Rule 10b5-1 trading plan financial

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A common stock financial

"security_title": "Class A common stock""

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.

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).

X

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^*

Olsen Michael

(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)
	General Counsel and CCRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		S(1)		20,000	D	$1.29	1,219,781	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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 1, 2025.

	/s/ Michael Olsen	04/02/2026
	** 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 insider transaction did OPTU’s Michael Olsen report on this Form 4?

Michael Olsen reported an open-market sale of 20,000 shares of Optimum Communications Class A common stock. The shares were sold at $1.29 per share, and the transaction occurred on April 1, 2026, reducing but not eliminating his direct equity position.

What is Michael Olsen’s role at Optimum Communications (OPTU)?

Michael Olsen serves as General Counsel and Chief Compliance and Risk Officer at Optimum Communications. This senior executive role means his equity transactions are reported on Form 4, providing transparency into his ownership and any open-market sales or other changes in his holdings.

How many Optimum Communications shares does Michael Olsen hold after the sale?

After selling 20,000 shares, Michael Olsen directly holds 1,219,781 shares of Optimum Communications Class A common stock. This remaining stake, reported in the filing, shows he continues to maintain a substantial equity position in the company following the disclosed transaction.

At what price were the Optimum Communications (OPTU) shares sold?

The 20,000 Optimum Communications Class A common shares were sold at an average price of $1.29 per share. This per-share sale price is specified in the Form 4 and is used to calculate the gross value of the reported open-market transaction.

Was the OPTU insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on December 1, 2025. Such plans schedule trades in advance, which can reduce the significance of the exact timing of the sale for interpreting insider sentiment.

Does the Form 4 show any option exercises or derivative transactions for OPTU?

No derivative transactions are listed in this Form 4. The derivativeSummary section is empty, and all reported activity involves non-derivative Class A common stock, indicating no option exercises, conversions, or other derivative-related movements in this particular filing.