Form SCHEDULE 13G/A Optimum Communications, Filed by: Drahi Patrick
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 6)*
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Optimum Communications, Inc. (Name of Issuer) |
Class A Common Stock, $0.01 par value per share ("Class A Common Stock"), Class B Common Stock, $0.01 par value per share ("Class B Common Stock") (Title of Class of Securities) |
(CUSIP Number) |
05/29/2026 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
| Rule 13d-1(b) |
| Rule 13d-1(c) |
| Rule 13d-1(d) |
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Patrick Drahi | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ISRAEL
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
111,599,888.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
27.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The Foregoing Reporting Person Sheet Refers To the Class A Common Stock of the Issuer Beneficially Owned by the Reporting Person.
1) Includes (i) 108,731,066 shares of Class A Common Stock issuable upon conversion of 108,731,066 shares of Class B Common Stock held by Next Alt S.a r.l. ("Next Alt"). Next Alt is a Luxembourg Societe a Responsabilite Limitee that is controlled by Patrick Drahi; and (ii) 2,868,822 shares of Class A common stock issuable upon exercise of presently exercisable options to purchase Class A Common Stock held by UpperNext S.C.S.p. ("Uppernext"), a wholly controlled personal holding company of Patrick Drahi. Each share of Class B common stock is convertible at any time upon written notice of the holder into one share of Class A Common Stock. Mr. Drahi is a director of the Issuer, and Next Alt is a party to a stockholders agreement with the Issuer pursuant to which it has certain rights to appoint directors of the Issuer.
2) This percentage is calculated based upon (i) information set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 7, 2026, according to which there were 293,263,749 shares of Class A Common Stock outstanding as of March 31, 2026, plus (ii) the 108,731,066 shares of Class A Common Stock underlying the shares of Class B Common Stock deemed to be held by the Reporting Person , plus (iii) 2,868,822 shares of Class A Common Stock issuable upon exercise of presently exercisable options deemed to be held by the Reporting Person.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Patrick Drahi | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ISRAEL
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
108,731,066.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
99.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The Foregoing Reporting Person Sheet Refers To the Class B Common Stock of the Issuer Beneficially Owned by the Reporting Person.
1) Includes 108,731,066 shares of Class B Common Stock held by Next Alt S.a r.l. ("Next Alt"). Next Alt is a Luxembourg Societe a Responsabilite Limitee that is controlled by Patrick Drahi. Each share of Class B common stock is convertible at any time upon written notice of the holder into one share of Class A Common Stock. Mr. Drahi is a director of the Issuer, and Next Alt is a party to a stockholders agreement with the Issuer pursuant to which it has certain rights to appoint directors of the Issuer.
2) This percentage is calculated based upon (i) information set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 7, 2026, according to which there were 183,019,308 shares of Class B Common Stock outstanding as of March 31, 2026, minus (ii) 74,153,348 shares of Class B Common Stock exchanged with a subsidiary of the Issuer for preferred units in such subsidiary on May 29, 2026.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Optimum Communications, Inc. | |
| (b) | Address of issuer's principal executive offices:
1 Court Square West Long Island City, NY 11101 | |
| Item 2. | ||
| (a) | Name of person filing:
Patrick Drahi (the "Reporting Person"). | |
| (b) | Address or principal business office or, if none, residence:
The principal business address for the Reporting Person is 14 rue Robert Stumper, L 2557 Luxembourg, Grand Duchy of Luxembourg. | |
| (c) | Citizenship:
Please refer to Row 4 of the cover sheet for the Reporting Person. | |
| (d) | Title of class of securities:
Class A Common Stock, $0.01 par value per share ("Class A Common Stock"), Class B Common Stock, $0.01 par value per share ("Class B Common Stock") | |
| (e) | CUSIP No.:
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| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
See the responses to Row 9 on the attached cover pages and footnotes. | |
| (b) | Percent of class:
See the responses to Row 11 on the attached cover pages and footnotes. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
See the responses to Row 5 on the attached cover pages and footnotes. | ||
| (ii) Shared power to vote or to direct the vote:
See the responses to Row 6 on the attached cover pages and footnotes. | ||
| (iii) Sole power to dispose or to direct the disposition of:
See the responses to Row 7 on the attached cover pages and footnotes. | ||
| (iv) Shared power to dispose or to direct the disposition of:
See the responses to Row 8 on the attached cover pages and footnotes. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 4. | ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: Pursuant to the Power of Attorney, attached hereto as Exhibit 24.1, the Reporting Person designated Armelle Koelf as attorney-in-fact.
Exhibit Information
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Exhibit 24.1 - Power of Attorney |
ATTACHMENTS / EXHIBITS