A4 S.A. 4
4 · Altice USA, Inc. · Filed Jun 24, 2020
Insider Transaction Report
Form 4
Altice USA, Inc.ATUS
Next Alt S.a.r.l.
Director10% Owner
Transactions
- Sale
Class A common stock
2020-06-22$23.70/sh−17,912,626$424,529,236→ 260,000 total(indirect: Altice CVC Lux S.a r.l.)
Holdings
- 6,030,897(indirect: Uppernext S.C.S.p)
Class A common stock
- 41,369,305
Class A common stock
- 1,000(indirect: A4 S.A.)
Class A common stock
Footnotes (3)
- [F1]Next Alt S.a r.l. ("Next Alt") is a personal holding company of Mr. Drahi, who is its controlling shareholder. As of the date of this report, Next Alt directly and indirectly owns 77.58% of the share capital and voting rights of Altice Europe N.V. Altice Europe N.V. maintains a one-tier board of four executive board members, one of whom is Mr. Drahi, and four non-executive board members. The executive board members are appointed by shareholders at the general meeting at the binding nomination of Next Alt. Altice CVC Lux S.a r.l. is an indirect wholly owned subsidiary of Altice Europe N.V. Mr. Drahi, Next Alt and Altice Europe N.V. may each be deemed to beneficially own the shares of the Issuer owned by Altice CVC Lux S.a r.l..
- [F2]Mr. Drahi is the sole controlling shareholder of Uppernext S.C.S.p ("Uppernext"). As such, Mr. Drahi may be deemed to beneficially own shares of the Issuer held by Uppernext. A4 S.A., which is controlled by the family of Mr. Drahi, is an executive board member of Altice Europe N.V. Mr. Drahi is a director of the Issuer and Next Alt and A4 S.A. are parties to a stockholders agreement with the Issuer pursuant to which they have certain rights to appoint directors of the Issuer.
- [F3]Each Reporting Person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such Reporting Person's pecuniary interests.