Optimum Communications (NYSE: ATUS) director trades 2.61M shares for preferred units

Rhea-AI Filing Summary

Optimum Communications director Dexter Goei disposed of 2,610,400 shares of Class A common stock in a transaction with the company. He contributed these shares to CSC Investments II LLC, a wholly-owned subsidiary, and received 6,526 Preferred Units in CSC in return.

The exchange was approved in advance by the Board of Directors under Rule 16b-3(e). Following this issuer disposition, Goei directly holds 3,546,441 shares of Class A common stock.

Insights

Equity compensation and governance analyst

Director swapped common shares for preferred units in a subsidiary, a structured, non-market transaction.

Dexter Goei transferred 2,610,400 Class A shares to wholly-owned subsidiary CSC Investments II LLC in exchange for 6,526 Preferred Units. The transaction is labeled as a disposition to the issuer at a stated per-share price of $0.00, indicating a non-cash, equity-for-equity exchange.

The move was approved by the Board under Rule 16b-3(e), which governs insider transactions with the issuer. After the transaction, Goei still directly owns 3,546,441 shares, so he retains a substantial common equity position while adding preferred exposure through CSC. This appears as an internal restructuring of his holdings rather than an open-market sale.

Insider Trade Summary

Net Seller: 2,610,400 shares

Net Sell 1 txn

Insider Goei Dexter

Role Director

Type	Security	Shares	Price	Value
Disposition	Class A Common Stock	2,610,400	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 3,546,441 shares (Direct)

Footnotes (1)

1. F1. On May 29, 2026, Mr. Goei agreed to contribute 2,610,400 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 6,526 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 to issuer: 2,610,400 shares Shares owned after transaction: 3,546,441 shares Preferred Units received: 6,526 units +2 more

5 metrics

Shares disposed to issuer 2,610,400 shares Class A Common Stock contributed on May 29, 2026

Shares owned after transaction 3,546,441 shares Class A Common Stock directly owned following disposition

Preferred Units received 6,526 units Preferred Units in CSC Investments II LLC received in exchange

Stated transaction price $0.00 per share Issuer disposition of Class A Common Stock

Dispose transactions 1 transaction Non-derivative disposition counted in transaction summary

Key Terms

Disposition to issuer, Preferred Units, Rule 16b-3(e), Class A Common Stock, +1 more

5 terms

Disposition to issuer financial

"The transaction is labeled as a disposition to the issuer at a stated per-share price..."

Preferred Units financial

"in exchange for 6,526 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 of the Issuer pursuant to Rule 16b-3(e)"

Class A Common Stock financial

"2,610,400 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.

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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/02/2026 - 06:34 PM Accepted by SEC EDGAR 06/02/2026 - 06:34 PM Learn about SEC filing dates

FAQ

What did Dexter Goei do with his Optimum Communications (ATUS) shares?

Dexter Goei contributed 2,610,400 Class A shares of Optimum Communications to CSC Investments II LLC, a wholly-owned subsidiary. In return, he received 6,526 Preferred Units in CSC as part of an issuer-directed disposition approved by the company’s Board.

How many Optimum Communications shares does Dexter Goei own after this Form 4 transaction?

After the transaction, Dexter Goei directly owns 3,546,441 shares of Optimum Communications Class A common stock. These holdings are shown as his position following the issuer disposition of 2,610,400 shares in exchange for Preferred Units in CSC Investments II LLC.

Was Dexter Goei’s Optimum Communications transaction an open-market sale?

No. The filing describes the transaction as a Disposition to issuer at a stated price of $0.00 per share. Goei contributed shares to a wholly-owned subsidiary, CSC Investments II LLC, and received 6,526 Preferred Units, rather than selling shares on the open market.

What did Dexter Goei receive for contributing his Optimum Communications shares?

In exchange for contributing 2,610,400 Class A shares to CSC Investments II LLC, Dexter Goei received 6,526 Preferred Units in CSC. This equity-for-equity exchange was approved in advance by the Board under Rule 16b-3(e) of the Securities Exchange Act.

How was Dexter Goei’s Optimum Communications insider transaction approved?

The exchange of 2,610,400 Class A shares for 6,526 Preferred Units in CSC Investments II LLC was approved in advance by Optimum Communications’ Board of Directors. The filing notes that this approval was granted pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934.

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^*

Goei Dexter

(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		2,610,400(1)	D	(1)	3,546,441	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. Goei agreed to contribute 2,610,400 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 6,526 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/ Dexter Goei	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)