May 29, 2026 · Form 4 insider transaction
Next Alt S.a.r.l. sold 74,153,348 shares of Optimum Communications, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 4 days after the transaction.
Each share of Class B common stock of the issuer is convertible into one share of Class A common stock of the issuer for no consideration.; Next Alt S.a r.l. is an indirect wholly controlled personal holding company of Patrick Drahi. Next Alt S.a r.l. is a party to a stockholders agreement with the issuer pursuant to which Next Alt S.a r.l. has certain rights to appoint directors of the issuer. Each Reporting Person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such Reporting Person's pecuniary interests.; On May 29, 2026, Next Alt S.a r.l. agreed to contribute 74,153,348 shares of Class B common stock of the issuer to Next Partner, L.P., an entity owned and controlled by Next Alt S.a r.l. On May 29, 2026, Next Partner agreed to deliver an aggregate of 74,153,348 shares of Class B common stock of the issuer to CSC Investments II LLC ("CSC"), a wholly-owned subsidiary of the issuer, in exchange for 185,383.37 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.