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OPTU - Optimum Communications, Inc.

Insider Sale by Olsen Michael (GC, CCRO)

1 Month
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Trade Summary

3 days ago, Olsen Michael, serving as GC, CCRO at Optimum Communications, Inc. (OPTU), sold 20,000 shares at $1.40 per share, for a total transaction value of $28,000.00. Following this transaction, Olsen Michael now holds 1,239,781 shares of OPTU.

This sale represents a 2.00% decrease in Olsen Michael's stake in the company. This is considered a medium-conviction trade.

The trade was executed on Monday, March 2, 2026 and publicly disclosed via SEC Form 4 filing on Tuesday, March 3, 2026, 1 day after the trade was made.

Optimum Communications, Inc. operates in the COMMUNICATION SERVICES sector, specifically within the TELECOM SERVICES industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Olsen Michael

GC, CCRO

Michael E. Olsen is a seasoned legal executive serving as General Counsel and Chief Compliance and Risk Officer (GC, CCRO) at Optimum Communications, Inc. (OPTU), a provider of advanced communication solutions including broadband, voice, and video services to residential and business customers.[[1]](https://www.gurufocus.com/news/8634456/insider-sell-alert-michael-olsen-sells-250000-shares-of-optimum-communications-inc-optu)[[2]](https://investors.optimum.com/news-events/press-releases/detail/166/altice-usa-elevates-michael-olsen-to-general-counsel-and) On February 17, 2026, Olsen sold 250,000 shares of OPTU Class A common stock at an average price of $1.60, reducing his holdings to 1,496,277 shares.[[1]](https://www.gurufocus.com/news/8634456/insider-sell-alert-michael-olsen-sells-250000-shares-of-optimum-communications-inc-optu)[[4]](https://www.marketbeat.com/instant-alerts/optimum-communications-nyseoptu-general-counsel-sells-40000000-in-stock-2026-02-19/)[[5]](https://www.stocktitan.net/sec-filings/ATUS/form-4-optimum-communications-inc-insider-trading-activity-84ad3eaf8812.html) Olsen, aged 60, has a extensive career in telecommunications law and regulatory affairs.[[3]](https://fintool.com/app/research/companies/ATUS/people/michael-olsen)[[8]](https://www.morningstar.com/stocks/xnys/optu/executive) He previously served as General Counsel and Chief Corporate Responsibility Officer at Altice USA (formerly Cablevision, acquired by Altice), where he led legal, government/regulatory affairs, community, and ESG teams after roles as EVP, General Counsel & Secretary, and SVP of Legal Regulatory & Legislative Affairs.[[2]](https://investors.optimum.com/news-events/press-releases/detail/166/altice-usa-elevates-michael-olsen-to-general-counsel-and)[[3]](https://fintool.com/app/research/companies/ATUS/people/michael-olsen) Earlier positions include Vice President for Government Affairs at Cablevision (joined 2001), Deputy General Counsel at Northpoint Communications, General Attorney at AT&T, Deputy City Attorney for San Francisco, and commercial litigator at Folger Levin; he clerked for the US District Court in Los Angeles.[[2]](https://investors.optimum.com/news-events/press-releases/detail/166/altice-usa-elevates-michael-olsen-to-general-counsel-and) Olsen holds a JD from Georgetown University and a BBA from Loyola Marymount University.[[2]](https://investors.optimum.com/news-events/press-releases/detail/166/altice-usa-elevates-michael-olsen-to-general-counsel-and)

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Trade Price

$1.40

Quantity

20,000

Total Value

$28,000.00

Shares Owned

1,239,781

Trade Date

Monday, March 2, 2026

3 days ago

SEC Filing Date

Tuesday, March 3, 2026

Filed 1 day after trade

COMMUNICATION SERVICESTELECOM SERVICES

About Optimum Communications, Inc.

Company Overview

No company information available
View news mentioning OPTU

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