Optimum Communications (OPTU) GC sells shares, swaps 246,400 into preferred units

Rhea-AI Filing Summary

Optimum Communications, Inc. General Counsel and CCRO Michael Olsen reported two transactions in Class A common stock. On June 1, 2026, he executed an open-market sale of 20,000 shares at $1.12 per share, leaving him with 933,381 shares held directly. On May 29, 2026, he disposed of 246,400 shares to CSC Investments II LLC, a wholly owned subsidiary of the company, in exchange for 616 preferred units in CSC, a board-approved exchange under Rule 16b-3(e). The sale activity was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 1, 2025.

Insider Trade Summary 10b5-1

Net Seller: 20,000 shares ($22,400)

Net Sell 2 txns

Insider Olsen Michael

Role General Counsel and CCRO

Sold 20,000 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Class A common stock	20,000	$1.12	$22K
Disposition	Class A common stock	246,400	$0.00	--

Holdings After Transaction: Class A common stock — 933,381 shares (Direct, null)

Footnotes (1)

1. On May 29, 2026, Mr. Olsen agreed to contribute 246,400 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 616 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. 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.

Key Figures

Open-market sale: 20,000 shares at $1.12/share Issuer disposition: 246,400 shares Preferred units received: 616 preferred units +1 more

4 metrics

Open-market sale 20,000 shares at $1.12/share Class A common stock sale on June 1, 2026

Issuer disposition 246,400 shares Contributed to CSC Investments II LLC on May 29, 2026

Preferred units received 616 preferred units Consideration from CSC Investments II LLC for share contribution

Post-transaction holdings 933,381 shares Direct Class A common stock held after June 1, 2026 sale

Key Terms

Rule 10b5-1 trading plan, Rule 16b-3(e), disposition to issuer, Preferred Units, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

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

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.

Rule 16b-3(e) regulatory

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

disposition to issuer financial

"transaction_action: issuer disposition"

Preferred Units financial

"in exchange for 616 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

"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.

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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).

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)
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		246,400(1)	D	(1)	953,381	D
Class A common stock	06/01/2026		S(2)		20,000	D	$1.12	933,381	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. Olsen agreed to contribute 246,400 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 616 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.

2. 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	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 transactions did Optimum Communications (OPTU) report for Michael Olsen?

Michael Olsen reported two transactions: an open-market sale of 20,000 Class A common shares at $1.12 per share on June 1, 2026, and a disposition of 246,400 shares to a company subsidiary in exchange for 616 preferred units on May 29, 2026.

How many Optimum Communications (OPTU) shares does Michael Olsen hold after these Form 4 transactions?

After the reported transactions, Michael Olsen holds 933,381 shares of Optimum Communications Class A common stock directly. This figure reflects his remaining position following the May 29, 2026 issuer disposition and the June 1, 2026 open-market sale of 20,000 shares.

Were Michael Olsen’s Optimum Communications (OPTU) stock sales under a Rule 10b5-1 plan?

Yes. The Form 4 states that the sales were effected under a Rule 10b5-1 trading plan adopted by Michael Olsen on December 1, 2025. Such plans are pre-arranged trading programs designed to allow regular share sales over time.

What is the nature of Michael Olsen’s 246,400-share disposition in Optimum Communications (OPTU)?

On May 29, 2026, Michael Olsen contributed 246,400 shares of Class A common stock to CSC Investments II LLC, a wholly owned subsidiary of Optimum Communications, receiving 616 preferred units in CSC in a board-approved exchange under Rule 16b-3(e).

At what price did Michael Olsen sell Optimum Communications (OPTU) shares on June 1, 2026?

On June 1, 2026, Michael Olsen executed an open-market sale of 20,000 Class A common shares of Optimum Communications at a price of $1.12 per share. This transaction reduced his direct holdings to 933,381 shares following the sale.