[SCHEDULE 13G] Optimum Communications, Inc. Passive Investment Disclosure (>5%)
Kite Lake reports 9.54M shared OPTU votes (3.3%)
Optimum Communications, Inc. reports that several Kite Lake-related reporting persons beneficially own shared voting and dispositive power over Class A Common Stock as of the filing.
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Optimum Communications, Inc. reports that several Kite Lake-related reporting persons beneficially own shared voting and dispositive power over Class A Common Stock as of the filing. Kite Lake Capital Management (UK) LLP, Kite Lake Capital Management Ltd, Kite Lake Capital Ltd., Massoumeh Khadjenouri and Jan Lernout each report 9,541,544 shares, representing 3.3% of the class. KL Special Opportunities Master Fund Ltd. reports 8,691,121 shares, representing 3.0%. The filing states these positions are reported "as of the date of filing" and that additional indirect holdings (6,856,619 or 6,245,469 in certain cases) are noted in the footnotes.
Insights
Concentrated passive positions reported across multiple Kite Lake entities with shared voting power around low-single-digit ownership.
The filing shows multiple related reporting persons each with shared voting and dispositive power over 9,541,544 Class A shares (reported as 3.3%) and one fund with 8,691,121 shares (3.0%). These counts are reported as of the filing date and reflect shared control rather than sole voting or dispositive authority.
The disclosure clarifies that the securities are held by advisory clients of Kite Lake Capital Management (UK) LLP and includes footnote references to additional indirectly held shares. Investors tracking ownership changes should note the shared-power structure and the separate line for the master fund.
Schedule 13G format signals passive/beneficial reporting rather than an active acquisition intent.
The filing is a joint statement by related entities and individuals and includes a Joint Filing Agreement. It reports shared power over the disclosed shares and contains disclaimers limiting beneficial ownership assertions to pecuniary interest.
Governance watchers will read the shared-power disclosure and footnotes for any voting alliances; the filing names the advisory clients as direct owners and notes exhibits identifying controlled subsidiaries.
Key Figures
Shares reported (Kite Lake entities):9,541,544Percent of class (each Kite Lake entity):3.3%Shares reported (KL Special Opportunities Master Fund Ltd.):8,691,121+3 more
6 metrics
Shares reported (Kite Lake entities)9,541,544Amount beneficially owned per reporting person as stated in Item 4
Percent of class (each Kite Lake entity)3.3%Percent of class reported in Item 4
Shares reported (KL Special Opportunities Master Fund Ltd.)8,691,121Amount beneficially owned reported in Item 4 for the Master Fund
Percent of class (KL Special Opportunities)3.0%Percent of class reported in Item 4 for the Master Fund
Indirect additional shares noted in footnote6,856,619Indirect beneficial ownership referenced in comments to reporting persons
Filing signature date07/09/2026Signature dates shown with the filing signatures
Key Terms
Schedule 13G, shared power to vote, beneficially own
3 terms
Schedule 13Gregulatory
"Item 1. Name of issuer: Optimum Communications, Inc."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
shared power to votecorporate
"Item 4. (c)(ii) Shared power to vote or to direct the vote: 9,541,544"
beneficially ownlegal
"Item 4. (a) Amount beneficially owned: Kite Lake Capital Management (UK) LLP - 9,541,544"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Optimum Communications (OPTU) Class A shares does Kite Lake report owning?
The filing shows several Kite Lake reporting persons each with 9,541,544 shares and one fund with 8,691,121 shares, listed under Amount beneficially owned.
What percentage of OPTU does Kite Lake report for each holding entity?
Kite Lake Capital Management (UK) LLP, Kite Lake Capital Management Ltd, Kite Lake Capital Ltd., Massoumeh Khadjenouri and Jan Lernout each report 3.3%, and KL Special Opportunities Master Fund Ltd reports 3.0% of the Class A shares.
Do the reporting persons claim sole voting or dispositive power over these OPTU shares?
No. Each reporting person lists 0 shares of sole voting or sole dispositive power and reports the disclosed amounts under shared power to vote and shared power to dispose.
Are the reported OPTU shares directly owned by Kite Lake entities or by advisory clients?
The filing states the securities are directly owned by advisory clients of Kite Lake Capital Management (UK) LLP, with Kite Lake reporting beneficial ownership for reporting purposes.
What date are the beneficial ownership figures reported as of?
The signatures and footnotes indicate the filing was signed on 07/09/2026 and the positions are reported as of the date of filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Optimum Communications, Inc.
(Name of Issuer)
Class A Common Stock, $0.01 par value
(Title of Class of Securities)
02156K103
(CUSIP Number)
07/01/2026
(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
Kite Lake Capital Management (UK) LLP
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 KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
9,541,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
9,541,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00
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)
3.3 %
12
Type of Reporting Person (See Instructions)
IA, PN
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
02156K103
1
Names of Reporting Persons
Kite Lake Capital Management Ltd
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 KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
9,541,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
9,541,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00
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)
3.3 %
12
Type of Reporting Person (See Instructions)
HC, CO
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
02156K103
1
Names of Reporting Persons
Kite Lake Capital Ltd.
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
9,541,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
9,541,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00
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)
3.3 %
12
Type of Reporting Person (See Instructions)
HC, CO
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
02156K103
1
Names of Reporting Persons
Massoumeh Khadjenouri
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 KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
9,541,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
9,541,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00
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)
3.3 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
02156K103
1
Names of Reporting Persons
Jan Lernout
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
BELGIUM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
9,541,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
9,541,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00
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)
3.3 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
02156K103
1
Names of Reporting Persons
KL Special Opportunities Master Fund Ltd.
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,691,121.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,691,121.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,691,121.00
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)
3.0 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to directly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,245,469 Class A Common Stock, $0.01 par value of the Issuer.
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, New York 11101
Item 2.
(a)
Name of person filing:
Kite Lake Capital Management (UK) LLP
Kite Lake Capital Management Ltd
Kite Lake Capital Ltd.
Massoumeh Khadjenouri
Jan Lernout
KL Special Opportunities Master Fund Ltd
(b)
Address or principal business office or, if none, residence:
Kite Lake Capital Management (UK) LLP
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
Kite Lake Capital Management Ltd
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
Kite Lake Capital Ltd.
PO Box 309
Ugland House
Grand Cayman KY1-1104
Cayman Islands
Massoumeh Khadjenouri
c/o Kite Lake Capital Management (UK) LLP
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
Jan Lernout
c/o Kite Lake Capital Management (UK) LLP
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
KL Special Opportunities Master Fund Ltd
PO Box 309
Ugland House
Grand Cayman KY1-1104
Cayman Islands
(c)
Citizenship:
Kite Lake Capital Management (UK) LLP - Other - United Kingdom
Kite Lake Capital Management Ltd - Other - United Kingdom
Kite Lake Capital Ltd. - Cayman Islands
Massoumeh Khadjenouri - Other - United Kingdom
Jan Lernout - Other - Belgium
KL Special Opportunities Master Fund Ltd - Cayman Islands
(d)
Title of class of securities:
Class A Common Stock, $0.01 par value
(e)
CUSIP Number(s):
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:
Kite Lake Capital Management (UK) LLP - 9,541,544
Kite Lake Capital Management Ltd - 9,541,544
Kite Lake Capital Ltd. - 9,541,544
Massoumeh Khadjenouri - 9,541,544
Jan Lernout - 9,541,544
KL Special Opportunities Master Fund Ltd - 8,691,121
(b)
Percent of class:
Kite Lake Capital Management (UK) LLP - 3.3%
Kite Lake Capital Management Ltd - 3.3%
Kite Lake Capital Ltd. - 3.3%
Massoumeh Khadjenouri - 3.3%
Jan Lernout - 3.3%
KL Special Opportunities Master Fund Ltd - 3.0%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Kite Lake Capital Management (UK) LLP - 0
Kite Lake Capital Management Ltd - 0
Kite Lake Capital Ltd. - 0
Massoumeh Khadjenouri - 0
Jan Lernout - 0
KL Special Opportunities Master Fund Ltd - 0
(ii) Shared power to vote or to direct the vote:
Kite Lake Capital Management (UK) LLP - 9,541,544
Kite Lake Capital Management Ltd - 9,541,544
Kite Lake Capital Ltd. - 9,541,544
Massoumeh Khadjenouri - 9,541,544
Jan Lernout - 9,541,544
KL Special Opportunities Master Fund Ltd - 8,691,121
(iii) Sole power to dispose or to direct the disposition of:
Kite Lake Capital Management (UK) LLP - 0
Kite Lake Capital Management Ltd - 0
Kite Lake Capital Ltd. - 0
Massoumeh Khadjenouri - 0
Jan Lernout - 0
KL Special Opportunities Master Fund Ltd - 0
(iv) Shared power to dispose or to direct the disposition of:
Kite Lake Capital Management (UK) LLP - 9,541,544
Kite Lake Capital Management Ltd - 9,541,544
Kite Lake Capital Ltd. - 9,541,544
Massoumeh Khadjenouri - 9,541,544
Jan Lernout - 9,541,544
KL Special Opportunities Master Fund Ltd - 8,691,121
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of Kite Lake Capital Management (UK) LLP. None of those advisory clients may be deemed to beneficially own more than 5% of the Class A Common Stock, $0.01 par value.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
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 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.
Kite Lake Capital Management (UK) LLP
Signature:
/s/ Art Markham
Name/Title:
Art Markham, Partner
Date:
07/09/2026
Kite Lake Capital Management Ltd
Signature:
/s/ Massoumeh Khadjenouri
Name/Title:
Massoumeh Khadjenouri, Director
Date:
07/09/2026
Kite Lake Capital Ltd.
Signature:
/s/ Massoumeh Khadjenouri
Name/Title:
Massoumeh Khadjenouri, Director
Date:
07/09/2026
Massoumeh Khadjenouri
Signature:
/s/ Massoumeh Khadjenouri
Name/Title:
Massoumeh Khadjenouri
Date:
07/09/2026
Jan Lernout
Signature:
/s/ Jan Lernout
Name/Title:
Jan Lernout
Date:
07/09/2026
KL Special Opportunities Master Fund Ltd.
Signature:
By: Kite Lake Capital Management (UK) LLP, its investment manager, By: /s/ Art Markham
Name/Title:
Art Markham, Partner
Date:
07/09/2026
Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.
Exhibit Information
Exhibit A - Joint Filing Agreement
Exhibit B - Control Person Identification
