Olsen Michael 4

What Happened

• Michael Olsen, General Counsel and Chief Compliance & Risk Officer of Optimum Communications, sold 20,000 shares of OPTU on May 1, 2026. The shares were disposed at $1.59 per share for total gross proceeds of $31,800. This was a sale (not a purchase), which is often routine for insiders.

Key Details

• Transaction date: 2026-05-01; Price: $1.59 per share; Shares sold: 20,000; Total value: $31,800.
• Filing date / Accession: Form 4 filed 2026-05-04 (Accession No. 0000947871-26-000490) for the reporting period 2026-05-01 — appears to be filed within the normal SEC timing window.
• Shares owned after the transaction: not disclosed in the information provided.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 1, 2025, indicating the trade was pre-arranged under an approved plan.

Context

• A 10b5-1 plan typically means the transaction was pre-scheduled and not necessarily a reaction to recent company developments; such sales are often routine. This was a straightforward open-market sale by an executive — note purchases generally carry more weight as potential signals of insider conviction.