Patrick Drahi updates ATUS holdings (NYSE: ATUS) — 108.7M Class B; 27.6% Class A

Rhea-AI Filing Summary

Optimum Communications, Inc. reporting person Patrick Drahi filed an Amendment No. 6 to a Schedule 13G/A to update his beneficial ownership disclosures. The amendment reports 111,599,888 shares as shared voting and dispositive power over Class A common stock, representing 27.6% (based on shares outstanding as of March 31, 2026).

The filing also reports 108,731,066 shares of Class B common stock held through Next Alt S.a r.l., representing 99.9% of Class B (based on March 31, 2026 data and noting a 74,153,348 share exchange with a subsidiary on May 29, 2026). Footnotes state conversion rights of Class B into Class A and include 2,868,822 exercisable options held by UpperNext S.C.S.p.

Insights

Corporate Governance Analyst

Updated ownership shows concentrated Class B control via Next Alt and disclosed convertibility into Class A.

The amendment lists 108,731,066 Class B shares held by Next Alt, which are convertible into Class A common stock. The filing ties the count to the issuer's Form 10-Q outstanding share counts as of March 31, 2026.

Board composition and voting outcomes remain linked to the Class B holding structure; subsequent filings will reflect effects of the May 29, 2026 exchange of 74,153,348 Class B shares with a subsidiary.

Securities Compliance Counsel

The amendment clarifies beneficial ownership, shared voting/dispositive powers, and option/convertible mechanics.

The disclosure attributes shared voting and dispositive power over 111,599,888 Class A‑equivalent shares and separately reports 2,868,822 exercisable options. It cites conversion mechanics: one Class B converts into one Class A upon holder notice.

Filings reference the issuer's March 31, 2026 Form 10‑Q for outstanding counts; the exchange on May 29, 2026 is expressly noted in the footnotes and affects the Class B outstanding base.

Key Figures

Shared voting/dispositive power (Class A‑equivalent): 111,599,888 shares Percent of Class A: 27.6% Class B shares held via Next Alt: 108,731,066 shares +5 more

8 metrics

Shared voting/dispositive power (Class A‑equivalent) 111,599,888 shares reported on Amendment No. 6 to Schedule 13G/A

Percent of Class A 27.6% calculated using Class A outstanding as of <date>March 31, 2026</date>

Class B shares held via Next Alt 108,731,066 shares held by Next Alt S.a r.l., convertible 1:1 into Class A

Percent of Class B 99.9% based on Class B outstanding as of <date>March 31, 2026</date> with adjustments

Class A shares outstanding (issuer reference) 293,263,749 shares As reported in the issuer's Form 10‑Q dated <date>May 7, 2026</date> (as of <date>March 31, 2026</date>)

Class B shares outstanding (issuer reference) 183,019,308 shares As reported in the issuer's Form 10‑Q dated <date>May 7, 2026</date> (as of <date>March 31, 2026</date>)

Class B shares exchanged with subsidiary 74,153,348 shares exchanged on <date>May 29, 2026</date>

Exercisable options included 2,868,822 shares options held by UpperNext S.C.S.p. counted in Class A equivalent total

Key Terms

Beneficially owned, Shared voting power, Convertible (Class B to Class A), Schedule 13G/A

4 terms

Beneficially owned regulatory

"Amount beneficially owned: See the responses to Row 9 on the attached cover pages"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared voting power governance

"Shared Voting Power 111,599,888.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Convertible (Class B to Class A) financial

"Each share of Class B common stock is convertible at any time upon written notice"

Schedule 13G/A regulatory

"Amendment No. 6 to Schedule 13G/A to update his beneficial ownership disclosures"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Optimum Communications, Inc.

(Name of Issuer)

Class A Common Stock, $0.01 par value per share ("Class A Common Stock"), Class B Common Stock, $0.01 par value per share ("Class B Common Stock")

(Title of Class of Securities)

02156K103 (CUSIP Number) 02156K202 (CUSIP Number)

05/29/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 02156K103, 02156K202

1

Names of Reporting Persons

Patrick Drahi

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 111,599,888.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 111,599,888.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

111,599,888.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

27.6 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The Foregoing Reporting Person Sheet Refers To the Class A Common Stock of the Issuer Beneficially Owned by the Reporting Person. 1) Includes (i) 108,731,066 shares of Class A Common Stock issuable upon conversion of 108,731,066 shares of Class B Common Stock held by Next Alt S.a r.l. ("Next Alt"). Next Alt is a Luxembourg Societe a Responsabilite Limitee that is controlled by Patrick Drahi; and (ii) 2,868,822 shares of Class A common stock issuable upon exercise of presently exercisable options to purchase Class A Common Stock held by UpperNext S.C.S.p. ("Uppernext"), a wholly controlled personal holding company of Patrick Drahi. Each share of Class B common stock is convertible at any time upon written notice of the holder into one share of Class A Common Stock. Mr. Drahi is a director of the Issuer, and Next Alt is a party to a stockholders agreement with the Issuer pursuant to which it has certain rights to appoint directors of the Issuer. 2) This percentage is calculated based upon (i) information set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 7, 2026, according to which there were 293,263,749 shares of Class A Common Stock outstanding as of March 31, 2026, plus (ii) the 108,731,066 shares of Class A Common Stock underlying the shares of Class B Common Stock deemed to be held by the Reporting Person , plus (iii) 2,868,822 shares of Class A Common Stock issuable upon exercise of presently exercisable options deemed to be held by the Reporting Person.

SCHEDULE 13G

CUSIP Number(s): 02156K103, 02156K202

1

Names of Reporting Persons

Patrick Drahi

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 108,731,066.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 108,731,066.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

108,731,066.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

99.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The Foregoing Reporting Person Sheet Refers To the Class B Common Stock of the Issuer Beneficially Owned by the Reporting Person. 1) Includes 108,731,066 shares of Class B Common Stock held by Next Alt S.a r.l. ("Next Alt"). Next Alt is a Luxembourg Societe a Responsabilite Limitee that is controlled by Patrick Drahi. Each share of Class B common stock is convertible at any time upon written notice of the holder into one share of Class A Common Stock. Mr. Drahi is a director of the Issuer, and Next Alt is a party to a stockholders agreement with the Issuer pursuant to which it has certain rights to appoint directors of the Issuer. 2) This percentage is calculated based upon (i) information set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 7, 2026, according to which there were 183,019,308 shares of Class B Common Stock outstanding as of March 31, 2026, minus (ii) 74,153,348 shares of Class B Common Stock exchanged with a subsidiary of the Issuer for preferred units in such subsidiary on May 29, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Optimum Communications, Inc.
(b)	Address of issuer's principal executive offices: 1 Court Square West Long Island City, NY 11101
Item 2.
(a)	Name of person filing: Patrick Drahi (the "Reporting Person").
(b)	Address or principal business office or, if none, residence: The principal business address for the Reporting Person is 14 rue Robert Stumper, L 2557 Luxembourg, Grand Duchy of Luxembourg.
(c)	Citizenship: Please refer to Row 4 of the cover sheet for the Reporting Person.
(d)	Title of class of securities: Class A Common Stock, $0.01 par value per share ("Class A Common Stock"), Class B Common Stock, $0.01 par value per share ("Class B Common Stock")
(e)	CUSIP No.: 02156K103, 02156K202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the responses to Row 9 on the attached cover pages and footnotes.
(b)	Percent of class: See the responses to Row 11 on the attached cover pages and footnotes.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the responses to Row 5 on the attached cover pages and footnotes.
	(ii) Shared power to vote or to direct the vote: See the responses to Row 6 on the attached cover pages and footnotes.
	(iii) Sole power to dispose or to direct the disposition of: See the responses to Row 7 on the attached cover pages and footnotes.
	(iv) Shared power to dispose or to direct the disposition of: See the responses to Row 8 on the attached cover pages and footnotes.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 4.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Patrick Drahi

Signature:	/s/ Armelle Koelf
Name/Title:	Armelle Koelf, Attorney-in-fact for Patrick Drahi
Date:	06/02/2026

Patrick Drahi

Signature:	/s/ Armelle Koelf
Name/Title:	Armelle Koelf, Attorney-in-fact for Patrick Drahi
Date:	06/02/2026

Comments accompanying signature: Pursuant to the Power of Attorney, attached hereto as Exhibit 24.1, the Reporting Person designated Armelle Koelf as attorney-in-fact.

Exhibit Information

Exhibit 24.1 - Power of Attorney

FAQ

What stake does Patrick Drahi report in ATUS Class A shares?

He reports shared voting/dispositive power over 111,599,888 Class A‑equivalent shares, equal to 27.6%. This percentage uses the issuer's Form 10‑Q count of 293,263,749 Class A shares outstanding as of March 31, 2026 plus convertible and option shares disclosed.

How many Class B shares does Patrick Drahi control for ATUS?

He reports control of 108,731,066 Class B shares, representing 99.9% of Class B as calculated. The filing notes a 74,153,348 share exchange on May 29, 2026 that adjusts the Class B outstanding base.

Are any options or convertible shares included in Drahi's totals?

Yes. The filing includes 2,868,822 exercisable options and 108,731,066 Class A‑equivalents issuable upon conversion of Class B. The conversion ratio is one Class B to one Class A upon written notice.

Does the filing explain how the ownership percentages were calculated?

Yes. Percentages reference the issuer's Form 10‑Q counts: 293,263,749 Class A outstanding and 183,019,308 Class B outstanding as of March 31, 2026, with adjustments noted for the May 29, 2026 exchange.

Who filed the Schedule 13G/A on behalf of Patrick Drahi?

The filing was executed by Armelle Koelf as attorney‑in‑fact pursuant to a Power of Attorney (Exhibit 24.1). The signature block shows filings dated June 2, 2026 on behalf of the Reporting Person.