Optimum Communications (OPTU) executive has 137K shares withheld for taxes

Rhea-AI Filing Summary

Optimum Communications, Inc. President of Consumer Services Michael C. Parker reported a tax-related share disposition. On the vesting of restricted share units, 137,217 shares of Class A common stock were withheld at $1.42 per share to cover taxes. After this withholding, Parker directly holds 1,230,288 Class A shares.

Insider Trade Summary

Net Seller: 137,217 shares

Net Sell 1 txn

Insider Parker Michael C.

Role President of Consumer Services

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A common stock	137,217	$1.42	$195K

Holdings After Transaction: Class A common stock — 1,230,288 shares (Direct)

Footnotes (1)

1. F1. Represents shares of the Issuer's Class A common stock withheld for taxes upon the vesting of restricted share units granted pursuant to the Optimum Communications, Inc. (f/k/a Altice USA, Inc.) 2017 Long Term Incentive Plan, as amended.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 07:45 PM Learn about SEC filing dates

FAQ

What insider transaction did Optimum Communications (OPTU) report for Michael C. Parker?

Optimum Communications reported a tax-withholding disposition by Michael C. Parker. On restricted share unit vesting, 137,217 Class A shares were withheld to cover taxes, rather than sold in the open market, leaving him with 1,230,288 directly held shares.

How many Optimum Communications (OPTU) shares were withheld for Michael C. Parker’s taxes?

A total of 137,217 Class A common shares were withheld to satisfy Michael C. Parker’s tax obligations. This occurred upon vesting of restricted share units granted under the 2017 Long Term Incentive Plan, as amended by Optimum Communications, Inc.

At what price were Michael C. Parker’s withheld OPTU shares valued?

The 137,217 Class A shares withheld for taxes were valued at $1.42 per share. This per-share value is used in the Form 4 to calculate the total value of stock applied toward Parker’s tax liability on vesting.

How many Optimum Communications (OPTU) shares does Michael C. Parker hold after this Form 4 transaction?

Following the tax-withholding disposition, Michael C. Parker directly holds 1,230,288 Class A common shares of Optimum Communications. This balance reflects his ownership after 137,217 shares were withheld to cover taxes on vested restricted share units.

Was Michael C. Parker’s OPTU Form 4 transaction an open-market sale?

No. The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to cover taxes when Parker’s restricted share units vested under the company’s 2017 Long Term Incentive Plan.

What plan governed Michael C. Parker’s restricted share unit vesting at Optimum Communications?

The restricted share unit vesting was under the Optimum Communications, Inc. (f/k/a Altice USA, Inc.) 2017 Long Term Incentive Plan, as amended. Shares were withheld for taxes when these RSUs vested, triggering the reported Form 4 transaction.

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^*

Parker Michael C.

(Last) (First) (Middle)

1 COURT SQUARE WEST

(Street)

LONG ISLAND CITY NY 11101

(City) (State) (Zip)

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)
	President of Consumer Services

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/27/2026		F(1)		137,217	D	$1.42	1,230,288	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. Represents shares of the Issuer's Class A common stock withheld for taxes upon the vesting of restricted share units granted pursuant to the Optimum Communications, Inc. (f/k/a Altice USA, Inc.) 2017 Long Term Incentive Plan, as amended.

	/s/ Michael C. Parker	03/03/2026
	** 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.