Optimum Communications (ATUS) counsel sells 250,000 company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Optimum Communications General Counsel and CCRO Michael Olsen reported an open-market sale of 250,000 shares of Class A common stock on February 17, 2026 at a weighted average price of $1.60 per share, within a price range of $1.60–$1.61. After this transaction, he directly owns 1,496,277 shares of Optimum Communications Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 250,000 shares ($400,000)
Net Sell
1 txn
Insider
Olsen Michael
Role
General Counsel and CCRO
Sold
250,000 shs ($400K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 250,000 | $1.60 | $400K |
Holdings After Transaction:
Class A common stock — 1,496,277 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Optimum Communications (ATUS) report on this Form 4?
Optimum Communications reported that General Counsel and CCRO Michael Olsen sold 250,000 shares of Class A common stock. The sale was an open-market transaction and left him with 1,496,277 directly owned shares after completion of the trade.
What type of transaction was reported for Optimum Communications (ATUS) on February 17, 2026?
The Form 4 shows an open-market sale of Class A common stock by Michael Olsen. The transaction is coded “S,” indicating a sale in the open market or a private transaction under SEC reporting rules for insiders.
Who is the insider involved in the Optimum Communications (ATUS) Form 4 filing?
The insider is Michael Olsen, who serves as General Counsel and Chief Compliance and Risk Officer of Optimum Communications, Inc. His role makes him a reporting person required to disclose trades in company securities under SEC rules.