Olsen Michael 4

What Happened
Michael Olsen, General Counsel and Chief Compliance & Risk Officer of Optimum Communications (OPTU), disposed of 20,000 shares in an open-market sale on April 1, 2026. The shares were sold at $1.29 per share for a total value of $25,800. This was a sale (not a purchase), which is often routine insider selling rather than a bullish signal.

Key Details

• Transaction date: 2026-04-01; Sale price: $1.29 per share. Total proceeds: $25,800. (Transaction code: S)
• Filing: Form 4 filed 2026-04-03 (timely; within the two-business-day requirement). Accession: 0000947871-26-000398.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Olsen on December 1, 2025 (pre-scheduled trading plan).

Context
A 10b5-1 plan means the sale was pre-planned and executed according to a schedule established earlier, which can limit the information the trade conveys about the insider’s current view of the company. The transaction size ($25.8k) is relatively small in dollar terms.