Optimum Communications (OPTU) director exchanges 10,000 shares for CSC Preferred Units

Rhea-AI Filing Summary

Optimum Communications, Inc. director Stewart Charles reported a non-cash disposition of 10,000 shares of Class A common stock on May 29, 2026. The shares were contributed to CSC Investments II LLC, a wholly-owned subsidiary of the company, in exchange for 25 Preferred Units in CSC, in a transaction approved in advance by the Board under Rule 16b-3(e). Following the exchange, Charles directly holds 13,925 shares of Class A common stock, indicating this filing records an internal reclassification of his equity rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stewart Charles

Role null

Type	Security	Shares	Price	Value
Disposition	Class A common stock	10,000	$0.00	--

Holdings After Transaction: Class A common stock — 13,925 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares disposed: 10,000 shares Shares held after transaction: 13,925 shares Preferred Units received: 25 Preferred Units +3 more

6 metrics

Shares disposed 10,000 shares Class A common stock contributed on May 29, 2026

Shares held after transaction 13,925 shares Direct Class A common stock holdings post-exchange

Preferred Units received 25 Preferred Units Units in CSC Investments II LLC received for share contribution

Transaction code D Disposition to issuer as classified in Form 4

Transaction price per share $0.0000 per share Non-cash equity-for-units exchange

Transaction date May 29, 2026 Date of contribution of 10,000 shares to CSC

Key Terms

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

4 terms

Rule 16b-3(e) regulatory

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

Preferred Units financial

"in exchange for 25 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.

Class A common stock financial

"10,000 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.

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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^*

Stewart Charles

(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		10,000(1)	D	(1)	13,925	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. Stewart agreed to contribute 10,000 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 25 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/ Charles Stewart	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 insider transaction did Optimum Communications (OPTU) director Stewart Charles report?

Director Stewart Charles reported a non-cash disposition of 10,000 shares of Optimum Communications Class A common stock. He contributed these shares to CSC Investments II LLC, a wholly-owned subsidiary, and received 25 Preferred Units in CSC in return, reflecting an internal equity exchange.

Was the Optimum Communications (OPTU) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. Stewart Charles disposed of 10,000 shares by contributing them to CSC Investments II LLC, a wholly-owned subsidiary of Optimum Communications, in exchange for 25 Preferred Units, as approved by the Board under Rule 16b-3(e).

How many Optimum Communications (OPTU) shares does Stewart Charles hold after the transaction?

After the transaction, Stewart Charles directly holds 13,925 shares of Optimum Communications Class A common stock. This figure reflects his remaining direct equity position following the contribution of 10,000 shares to CSC Investments II LLC in exchange for Preferred Units.

What did Stewart Charles receive for the 10,000 Optimum Communications (OPTU) shares he contributed?

In exchange for contributing 10,000 Class A common shares to CSC Investments II LLC, Stewart Charles received 25 Preferred Units in CSC. CSC is described as a wholly-owned subsidiary of Optimum Communications, making this an internal restructuring of his equity interests.

How was the Optimum Communications (OPTU) insider exchange structured legally?

The exchange was approved in advance by Optimum Communications’ Board of Directors under Rule 16b-3(e) of the Securities Exchange Act of 1934. This rule provides a framework for board-approved insider transactions involving issuer equity securities and related entities.