Kite Lake raises Optimum Communications (OPTU) stake above 5%

Rhea-AI Filing Summary

Optimum Communications, Inc. (OPTU) is the subject of an updated Schedule 13G filing by Kite Lake Capital Management (UK) LLP and related reporting persons. They report beneficial ownership of 11,206,225 shares of Optimum’s Class A common stock, representing 6.8% of that class, held through advisory clients, primarily KL Special Opportunities Master Fund Ltd.

The ownership percentage is recalculated using 163,699,534 Class A shares outstanding, derived from Optimum’s August Form 10‑Q and adjusted for a 120,000,000‑share tender offer. This reflects additional acquisitions since an initial 13G that reported 3.3% based on an earlier, larger share count. Kite Lake and the individuals disclaim beneficial ownership beyond their pecuniary interest.

Key Figures

Shares beneficially owned: 11,206,225 shares of Class A common stock Percent of Class A owned: 6.8% Shares owned by KL Special Opportunities Master Fund Ltd.: 10,085,615 shares +5 more

8 metrics

Shares beneficially owned 11,206,225 shares of Class A common stock Beneficial ownership reported for Kite Lake Capital Management (UK) LLP and related persons

Percent of Class A owned 6.8% Ownership percentage in Optimum’s Class A common stock for several reporting persons

Shares owned by KL Special Opportunities Master Fund Ltd. 10,085,615 shares Class A shares directly owned by KL Special Opportunities Master Fund Ltd.

Percent of Class A owned by KL Special Opportunities Master Fund Ltd. 6.2% Ownership percentage in Class A common stock for KL Special Opportunities Master Fund Ltd.

Aggregate Class A and B shares outstanding 272,565,547 shares Aggregate shares outstanding as of July 31, 2026, from Optimum’s August Form 10‑Q

Class B shares outstanding 108,866,013 shares Class B common stock outstanding used to derive Class A share count

Class A shares outstanding for ownership calculation 163,699,534 shares Derived Class A outstanding used to compute the 6.8% ownership

Tender offer Class A shares 120,000,000 shares Final results of Optimum’s tender offer for Class A common stock on July 6, 2026

Key Terms

beneficial ownership, shared voting power, shared dispositive power, tender offer, +1 more

5 terms

beneficial ownership financial

"The Reporting Persons are filing this to update their beneficial ownership of the Issuer's"

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 power financial

"6 | Shared Voting Power 11,206,225.00 7 | Sole Dispositive Power"

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 power financial

"8 | Shared Dispositive Power 11,206,225.00 9 11,206,225.00"

tender offer financial

"final results of the tender offer of 120,000,000 shares of the Issuer's Class A"

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

Investment Adviser (IA) financial

"11 6.8 % 12 IA, Comment for : The Reporting Persons are filing"

An investment adviser (IA) is a person or firm that provides personalized guidance on buying, selling, or holding investments and often manages client portfolios for a fee. Investors should care because an IA has a legal duty to act in the client's best interest—think of them as a navigator who plans and steers your financial journey—so their advice, fee structure and potential conflicts can directly affect returns and financial risk.

FAQ

What percentage of Optimum Communications, Inc. (OPTU) does Kite Lake now report owning?

Kite Lake and the other reporting persons report beneficial ownership of 6.8% of Optimum Communications, Inc.’s Class A common stock, corresponding to 11,206,225 shares, based on an outstanding Class A share count of 163,699,534 shares.

How many Optimum (OPTU) shares are reported as beneficially owned in this Schedule 13G?

The reporting persons collectively report beneficial ownership of 11,206,225 shares of Optimum’s Class A common stock, with KL Special Opportunities Master Fund Ltd. directly owning 10,085,615 of those shares as an advisory client of Kite Lake Capital Management (UK) LLP.

How did the reported ownership in OPTU change from the initial Schedule 13G?

The initial Schedule 13G reported beneficial ownership of 3.3% of Optimum’s Class A common stock. The amended filing now reports 6.8%, reflecting additional acquisitions and a revised outstanding share count following Optimum’s 120,000,000‑share Class A tender offer.

What share count did the reporting persons use to calculate their 6.8% stake in OPTU?

They used 163,699,534 Class A shares outstanding, derived from 272,565,547 aggregate Class A and B shares minus 108,866,013 Class B shares, as disclosed in Optimum’s August Form 10‑Q and adjusted for the tender offer results.

Which Kite Lake client in the filing holds more than 5% of Optimum (OPTU)?

Among Kite Lake Capital Management (UK) LLP’s advisory clients, only KL Special Opportunities Master Fund Ltd. is stated as potentially beneficially owning more than 5% of Optimum’s Class A common stock, with a reported stake of 6.2%.

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Available on EDGAR 08/24/2026 - 11:23 AM Accepted by SEC EDGAR 08/24/2026 - 11:23 AM Learn about SEC filing dates

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 11,206,225.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,206,225.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,206,225.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: The Reporting Persons are filing this Schedule 13G to update their beneficial ownership of the Issuer's outstanding Class A common stock reported on the Schedule 13G filed on July 9, 2026 (the "Initial 13G") in light of updated information provided by the Issuer in its public filings since the Initial 13G was filed. In particular, the ownership percentages reported in this Schedule 13G are based on 272,565,547 aggregate shares of the Issuer's Class A and Class B common stock outstanding as of July 31, 2026, as disclosed on the Issuer's Form 10-Q filed on August 6, 2026 (the "August 10-Q"), less the 108,866,013 shares of Class B common stock outstanding reported therein, for a total of 163,699,534 shares of Class A common stock outstanding. This approximates the total outstanding Class A common stock measured by subtracting the final results of the tender offer of 120,000,000 shares of the Issuer's Class A common stock on July 6, 2026 (the "Tender Offer") from the August 10-Q's 283,694,377 Class A common stock outstanding as of June 30, 2026. The updated beneficial ownership also reflects the additional acquisitions made by the Reporting Persons since the Initial 13G. The Initial 13G reported beneficial ownership of 3.3%, calculated based on a number of Class A common stock outstanding of 293,263,749 as reported on the Issuer's Form 10-Q filed on May 7, 2026, which did not include the final results of the Tender Offer.

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 11,206,225.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,206,225.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,206,225.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

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 11,206,225.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,206,225.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,206,225.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

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 11,206,225.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,206,225.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,206,225.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

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 11,206,225.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,206,225.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,206,225.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

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 10,085,615.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,085,615.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,085,615.00

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)

6.2 %

12

Type of Reporting Person (See Instructions)

CO

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 - 11,206,225 Kite Lake Capital Management Ltd - 11,206,225 Kite Lake Capital Ltd. - 11,206,225 Massoumeh Khadjenouri - 11,206,225 Jan Lernout - 11,206,225 KL Special Opportunities Master Fund Ltd - 10,085,615
(b)	Percent of class: Kite Lake Capital Management (UK) LLP - 6.8% Kite Lake Capital Management Ltd - 6.8% Kite Lake Capital Ltd. - 6.8% Massoumeh Khadjenouri - 6.8% Jan Lernout - 6.8% KL Special Opportunities Master Fund Ltd - 6.2%
(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 - 11,206,225 Kite Lake Capital Management Ltd - 11,206,225 Kite Lake Capital Ltd. - 11,206,225 Massoumeh Khadjenouri - 11,206,225 Jan Lernout - 11,206,225 KL Special Opportunities Master Fund Ltd - 10,085,615
	(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 - 11,206,225 Kite Lake Capital Management Ltd - 11,206,225 Kite Lake Capital Ltd. - 11,206,225 Massoumeh Khadjenouri - 11,206,225 Jan Lernout - 11,206,225 KL Special Opportunities Master Fund Ltd - 10,085,615
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. 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, other than KL Special Opportunities Master Fund Ltd, 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:	08/24/2026

Kite Lake Capital Management Ltd

Signature:	/s/ Massoumeh Khadjenouri
Name/Title:	Massoumeh Khadjenouri, Director
Date:	08/24/2026

Kite Lake Capital Ltd.

Signature:	/s/ Massoumeh Khadjenouri
Name/Title:	Massoumeh Khadjenouri, Director
Date:	08/24/2026

Massoumeh Khadjenouri

Signature:	/s/ Massoumeh Khadjenouri
Name/Title:	Massoumeh Khadjenouri
Date:	08/24/2026

Jan Lernout

Signature:	/s/ Jan Lernout
Name/Title:	Jan Lernout
Date:	08/24/2026

KL Special Opportunities Master Fund Ltd.

Signature:	Kite Lake Capital Management (UK) LLP, its investment manager, By: /s/ Art Markham
Name/Title:	Art Markham, Partner
Date:	08/24/2026

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