Olsen Michael 4

What Happened
Michael Olsen, General Counsel and Chief Compliance & Regulatory Officer of Optimum Communications (OPTU), disposed of a total of 44,927 shares in two related transactions. On 2026-06-29 he had 24,927 shares of Class A common stock withheld to satisfy taxes on vested restricted stock units (RSUs) at $1.66/share (≈ $41,379). On 2026-07-01 he sold 20,000 shares in an open-market transaction at $0.88/share (≈ $17,600). These were disposals (withholding + sale), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-06-29: 24,927 shares withheld for taxes at $1.66/share (F) — ≈ $41,379.
  • 2026-07-01: 20,000 shares sold in open market at $0.88/share (S) — $17,600.
• Total shares disposed: 44,927; total proceeds/consideration ≈ $58,979 (~$59k).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: Withheld shares were to cover taxes on RSUs granted under the 2017 Long Term Incentive Plan (amended).
  • F2: The open-market sale was executed under a Rule 10b5-1 trading plan adopted by Olsen on December 1, 2025.
• Filing/timeliness: Form 4 was filed on 2026-07-01; no late-filing indication in the provided data.

Context

• The 24,927-share entry is a tax-withholding related to RSU vesting (common routine disposition), not a market purchase.
• The 20,000-share sale was pre-planned under a 10b5-1 plan, which schedules sales in advance and is commonly used to avoid questions about trading on material nonpublic information.
• These transactions are disposals and do not by themselves indicate an insider buying (a stronger bullish signal).