Form 4: Altice USA General Counsel Disposes of Shares for Tax Obligations

Altice USA's General Counsel and CCRO, Michael Olsen, disposed of 24,927 shares of Class A common stock at $2.12 per share to cover tax obligations related to the vesting of restricted share units.

Summary

• Michael Olsen, General Counsel and Chief Compliance and Risk Officer (CCRO) of Altice USA, Inc. (ATUS), reported a transaction involving the company's Class A common stock.
• On June 27, 2025, 24,927 shares of Class A common stock were disposed of at a price of $2.12 per share.
• This disposition was identified with a transaction code 'F', indicating shares withheld for taxes upon the vesting of restricted share units.
• The restricted share units were granted pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended.
• Following this reported transaction, Michael Olsen beneficially owns 1,746,277 shares of Altice USA Class A common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares for tax withholding purposes upon the vesting of restricted share units, which is a standard and expected event for executive compensation and does not reflect a discretionary sale or change in company outlook.

Positives

• Michael Olsen retains a significant beneficial ownership of 1,746,277 Class A common shares, indicating continued alignment with shareholder interests.
• The transaction is a routine tax withholding event, not a discretionary sale, which suggests no change in management's long-term view of the company.

Negatives

• No direct negatives related to company performance or outlook are indicated by this routine tax-related transaction.

Future Outlook

NA

Management Comments

• The transaction represents shares of the Issuer's Class A common stock withheld for taxes upon the vesting of restricted share units granted pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended.

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction is a routine tax withholding, not a discretionary sale, which generally has a neutral impact on shareholder perception regarding management's confidence.

Key Dates

Recommendation

Keywords

Altice USA, ATUS, Michael Olsen, Form 4, SEC filing, insider transaction, stock disposition, restricted stock units, RSU, tax withholding, executive compensation