Home > Insider Trading > Filing (0000929638-24-003995)

Filing Details

Accession Number:: 0000929638-24-003995
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-11-19 17:02:12
Reporting Period:: 2024-11-18

Accepted Time:: 2024-11-19 17:02:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1702780	Altice Usa Inc.	ATUS	Cable & Other Pay Television Services (4841)	383980194

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1709662	S.a.r.l. Alt Next	1, Rue Hildegard Von Bingen Grand Duchy Of Luxembourg N4 L-1282		No	No	No	No
1709689	Patrick Drahi	1, Rue Hildegard Von Bingen Grand Duchy Of Luxembourg N4 L-1282		No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2024-11-18	268,409	$23.32	26,514,184	No	4	S	Direct
Class A Common Stock	Disposition	2024-11-18	268,409	$24.50	26,245,775	No	4	S	Direct
Class A Common Stock	Disposition	2024-11-18	268,409	$25.68	25,977,366	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Call option (obligation to sell)	Disposition	2024-11-18	268,409	$0.00	268,409	$0.00
Class A Common Stock	Call option (obligation to sell)	Disposition	2024-11-18	268,409	$0.00	268,409	$0.00
Class A Common Stock	Call option (obligation to sell)	Disposition	2024-11-18	268,409	$0.00	268,409	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,667,532	2024-11-18	2024-11-18	No	4	X	Direct
20,399,123	2024-11-18	2024-11-18	No	4	X	Direct
20,130,714	2024-11-18	2024-11-18	No	4	X	Direct

Footnotes

Next Alt S.a r.l. ("Next Alt") is an indirect wholly-owned and controlled personal holding company of Patrick Drahi. Mr. Drahi is a director of the Issuer. Next Alt is a party to a stockholders agreement with the Issuer pursuant to which Next Alt has certain rights to appoint directors of the Issuer. 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.
Next Alt is a party to existing bilateral European capped call transactions ("Capped Calls") with a financial institution counterparty with respect to a total of 33,819,573 shares of Class A common stock of the Issuer. The Capped Calls expire in equal tranches over a 42 scheduled trading day period, beginning October 25, 2024 and are automatically exercised upon expiration. For each Capped Call (of which there are three on each trading day, each at different strike prices), Next Alt is required to deliver to the counterparty a number of shares of Class A common stock equal to the amount set forth in (3).
(i) if the then-current value of the shares (the "Settlement Price") is below the lower strike price (98.5%, 103.5% or 108.5% of the reference price), zero; (ii) if the Settlement Price is equal to or above the lower strike price but is equal to or below the higher strike price (149.6%, 154.6% or 159.6% of the reference price), then (x) the product of the number of shares under such Capped Call and the lower strike price divided by (y) the Settlement Price; or (iii) if the Settlement Price is above the higher strike price, (x) the product of (A) the number of shares under such Capped Call and (B) the sum of (I) the lower strike price and (II) the excess, if any, of the Settlement Price over the higher strike price, divided by (y) the Settlement Price.
In connection with the exercise and expiration of the Capped Calls on the date set forth in Table II, Next Alt repaid debt to the financial institution incurred in connection with the execution of the Capped Calls by delivering the shares set forth in Table I on such date valued at the price set forth in Table I for such date.