Olsen Michael 4

What Happened
Michael Olsen, General Counsel and Chief Corporate & Regulatory Officer of Optimum Communications (OPTU), reported two dispositions. On May 29, 2026 he contributed 246,400 Class A shares to CSC Investments II LLC (a wholly‑owned subsidiary of the company) in exchange for 616 Preferred Units in CSC (no cash). On June 1, 2026 he sold 20,000 shares in an open‑market transaction at $1.12 per share, receiving $22,400.

Key Details

• Transaction dates: May 29, 2026 (contribution/exchange) and June 1, 2026 (open‑market sale at $1.12).
• Amounts: 246,400 shares contributed for 616 Preferred Units (exchange value N/A); 20,000 shares sold for $22,400.
• Filing: Form 4 filed 2026‑06‑02; transactions were reported timely.
• Footnotes: The May 29 exchange was approved under Rule 16b‑3(e) by the board (F1). The June 1 sale was effected under a Rule 10b5‑1 trading plan adopted by Olsen on Dec 1, 2025 (F2).
• Shares owned after the transactions: Not specified in the filing.

Context

• The May 29 transfer was a non‑cash exchange with the issuer’s subsidiary (corporate/structural transaction), which is different from an open‑market sale.
• The June 1 sale was executed under a preexisting 10b5‑1 plan, indicating it was a prearranged sale rather than an ad hoc trade.
• These dispositions are reportable insider actions but do not by themselves indicate management sentiment about the company’s stock.