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Empyrean Capital Partners, LP and Amos Meron report significant ownership in Optimum Communications, Inc. Class A Common Stock. They beneficially own 14,039,012 shares of Class A Common Stock, representing 8.09% of the class, with all voting and dispositive power held on a shared basis.
The stake is held through Empyrean Capital Overseas Master Fund, Ltd., for which Empyrean serves as investment manager. The percentage is based on 293,452,846 Class A shares outstanding as of May 27, 2026, adjusted for a 120,000,000-share purchase by a company subsidiary on June 30, 2026. The filers also clarify that a prior amendment understated their March 31, 2026 position by using a combined Class A and Class B share count and now believe it reflected 8.55% of outstanding Class A shares rather than 5.22%.
Key Figures
Beneficially owned shares:14,039,012 sharesOwnership percentage:8.09%Outstanding Class A shares baseline:293,452,846 shares+4 more
7 metrics
Beneficially owned shares14,039,012 sharesClass A Common Stock beneficially owned by the Reporting Persons
Ownership percentage8.09%Percent of Class A Common Stock outstanding after share purchase adjustment
Outstanding Class A shares baseline293,452,846 sharesClass A shares outstanding as of May 27, 2026 from Schedule TO
Subsidiary share purchase120,000,000 sharesClass A shares purchased by a company subsidiary on June 30, 2026
Prior total shares used470,460,199 sharesAggregate Class A and Class B share count used for prior 5.22% figure
Previously reported percentage5.22%Earlier reported beneficial ownership percentage based on aggregate shares
Reassessed March 31, 2026 ownership8.55%Believed beneficial ownership of outstanding Class A as of March 31, 2026
Key Terms
beneficial ownership, shared voting power, shared dispositive power, Schedule TO, +1 more
5 terms
beneficial ownershipfinancial
"reported a beneficial ownership percentage of 5.22%"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerfinancial
"Shared Voting Power 14,039,012.00"
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.
shared dispositive powerfinancial
"Shared Dispositive Power 14,039,012.00"
Schedule TOregulatory
"as disclosed in the Company's Schedule TO filed"
A phrase indicating that a company plans or intends to hold an event, publish information, or take an action at a specified future time, but that the timing is not guaranteed and may change. For investors it signals an expected milestone—like an earnings call, product launch, or filing—so think of it as a calendar note rather than a firm promise; timing shifts can affect trading, expectations, and planning.
Class A Common Stockfinancial
"shares of Class A common stock, per value $0.01 per share"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Optimum Communications (OPTU) shares does Empyrean Capital report owning?
Empyrean Capital reports beneficial ownership of 14,039,012 shares of Optimum Communications Class A Common Stock. These shares are held through Empyrean Capital Overseas Master Fund, Ltd., with Empyrean and Amos Meron sharing voting and dispositive power over the entire position.
What percentage of Optimum Communications (OPTU) Class A stock does Empyrean own?
Empyrean Capital and Amos Meron report beneficial ownership of 8.09% of Optimum Communications’ Class A Common Stock. This percentage is calculated using adjusted outstanding shares after a 120,000,000-share purchase by a company subsidiary on June 30, 2026.
How was Empyrean’s 8.09% stake in Optimum Communications (OPTU) calculated?
The 8.09% stake is based on 293,452,846 Class A shares outstanding as of May 27, 2026, from a Schedule TO, minus 120,000,000 Class A shares purchased by a company subsidiary on June 30, 2026, as disclosed in a later Schedule TO.
Did Empyrean previously report a different ownership percentage in Optimum Communications (OPTU)?
Yes. An earlier amendment reported 5.22% based on 470,460,199 total shares, aggregating Class A and Class B. Empyrean now believes that, considering only Class A shares, it beneficially owned 8.55% of Class A outstanding as of March 31, 2026.
Who are the reporting persons for the Optimum Communications (OPTU) stake?
The reporting persons are Empyrean Capital Partners, LP and Amos Meron. Empyrean serves as investment manager to Empyrean Capital Overseas Master Fund, Ltd., which directly holds the Class A shares, and Meron is the managing member of Empyrean Capital, LLC, general partner of Empyrean.
Does Empyrean have sole or shared control over its Optimum Communications (OPTU) shares?
Empyrean and Amos Meron report 0 shares with sole voting or dispositive power and 14,039,012 shares with shared voting and shared dispositive power. All reported Class A shares are therefore controlled on a shared, not sole, basis.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Optimum Communications, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
02156K103
(CUSIP Number)
06/30/2026
(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
1
Names of Reporting Persons
Empyrean Capital Partners, LP
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,039,012.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,039,012.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,039,012.00
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)
8.09 %
12
Type of Reporting Person (See Instructions)
IA, PN
Comment for Type of Reporting Person: Amendment No. 1 to the Schedule 13G filed on May 15, 2026, reported a beneficial ownership percentage of 5.22% based on the Company's Form 10 K, filed on February 13, 2026, and reflecting a number of outstanding shares of 470,460,199. The Reporting Persons now believe that this number is actually an aggregation of the Company's Class A Common Stock and Class B Common Stock and that only taking account of the Class A Common Stock would have had the Reporting Persons, as of March 31, 2026, beneficially owning 8.55% of the Company's outstanding Class A Common Stock.
SCHEDULE 13G
CUSIP Number(s):
02156K103
1
Names of Reporting Persons
Amos Meron
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,039,012.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,039,012.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,039,012.00
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)
8.09 %
12
Type of Reporting Person (See Instructions)
HC, IN
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:
This statement is filed by:
(i) Empyrean Capital Partners, LP ("ECP"), a Delaware limited partnership, which serves as investment manager to Empyrean Capital Overseas Master Fund, Ltd. ("ECOMF"), a Cayman Islands exempted company, with respect to the shares of Class A common stock, per value $0.01 per share (the "Class A Common Stock") of Altice USA, Inc (the "Company") directly held by ECOMF;
(ii) Mr. Amos Meron, who serves as the managing member of Empyrean Capital, LLC, the general partner of ECP, with respect to the Class A Common Stock directly held by ECOMF.
The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of Class A Common Stock owned by another Reporting Person.
(b)
Address or principal business office or, if none, residence:
The address of the business office of each of the Reporting Persons is c/o Empyrean Capital Partners, L.P., 10250 Constellation Boulevard, Suite 2950, Los Angeles, CA 90067
(c)
Citizenship:
ECP - a Delaware limited partnership
Amos Meron - United States
(d)
Title of class of securities:
Class A Common Stock, par value $0.01 per share
(e)
CUSIP No.:
02156K103
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:
14,039,012
(b)
Percent of class:
8.09 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
14,039,012
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
14,039,012
The ownership percentages reported in this Schedule 13G are based on 293,452,846 shares of Class A Common Stock outstanding as of May 27, 2026, as disclosed in the Company's Schedule TO filed with the Securities and Exchange Commission on June 1, 2026, less 120,000,000 shares of Class A Common Stock purchased by a subsidiary of the Company on June 30, 2026, as disclosed in the Company's Schedule TO filed with the Securities and Exchange Commission on July 6, 2026.
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 2(a).
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:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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.
