Parker Michael C. 4

What Happened
Michael C. Parker, President of Consumer Services at Optimum Communications, reported a disposition to the issuer on May 29, 2026: he contributed 218,800 shares of Class A common stock to CSC Investments II LLC, a wholly‑owned subsidiary of Optimum, in exchange for 547 Preferred Units. The Form 4 lists the transaction as a disposition (code D) and shows no cash price for the shares (N/A).

Key Details

• Transaction date: May 29, 2026; Form 4 filed June 2, 2026 (timely filing).
• Shares transferred: 218,800 Class A common shares. Reported price: N/A (non‑cash exchange).
• Consideration received: 547 Preferred Units in CSC Investments II LLC (subsidiary).
• Footnote: The exchange was approved in advance by Optimum’s Board pursuant to Rule 16b‑3(e).
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context
This was not an open‑market sale for cash but a non‑cash contribution of shares to a wholly‑owned subsidiary in exchange for preferred units. Dispositions to the issuer in internal restructurings or conversions often reflect corporate reorganizations or compensation/holding-structure adjustments rather than an insider signaling a view on the stock price. The Board approval under Rule 16b‑3(e) is noted on the filing and generally reflects pre‑clearance of certain insider transactions.