Olsen Michael 4

What Happened

• Michael Olsen, General Counsel and Chief Compliance & Risk Officer of Optimum Communications, sold 250,000 shares of the company's Class A common stock in an open-market sale on February 17, 2026. The reported price was $1.60 per share, for proceeds of approximately $400,000 (weighted price range across trades was $1.60–$1.61 per footnote).

Key Details

• Transaction date: February 17, 2026 (reported on Form 4 filed February 19, 2026). Filing appears timely (within the typical two-business-day Form 4 window).
• Transaction type/code: Open-market sale (S).
• Shares sold: 250,000; reported price: $1.60 per share; gross proceeds ≈ $400,000.
• Weighted price footnote: Filing notes the weighted average sale price ranged from $1.60 to $1.61 and that the filer will provide details of how many shares sold at each price upon SEC/staff request.
• Shares owned after the transaction: Not specified in the excerpt provided.
• No indication in this filing of option exercises, gifts, tax-withholding shares, or a 10b5-1 plan.

Context

• This was a straightforward open-market sale by an executive. Sales like this are common and may be for many reasons (liquidity, diversification, personal). The filing does not show any related option exercise or award; it simply reports the disposition of shares.