SCHNABEL SUSAN C 4

What Happened
Susan C. Schnabel, a director of Optimum Communications, Inc. (OPTU), disposed of 58,000 Class A common shares on May 29, 2026 by contributing them to CSC Investments II LLC, a wholly‑owned subsidiary of the company. In return she received 145 Preferred Units in CSC. No cash price is reported for the transaction (price listed as N/A).

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (filed within the two-business-day window).
• Transaction type: Disposition to issuer / contribution (code D); no cash proceeds reported.
• Shares involved: 58,000 Class A common shares contributed; consideration received: 145 Preferred Units in CSC.
• Board approval: Exchange was approved in advance by the Board pursuant to Rule 16b-3(e) (noted in the filing).
• Shares owned after transaction: not specified in the information provided.
• Footnote: The exchange was an in‑kind contribution to a wholly‑owned subsidiary rather than an open‑market sale.

Context
This was a non‑cash, internal transaction (contribution/exchange) rather than a routine open‑market sale or purchase. Such dispositions to the issuer or transfers into company entities are often part of corporate structuring or compensation arrangements; they do not necessarily indicate the insider’s view of the company’s public market valuation.