| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ATUS | Class A common stock | Sale | -$6.26M | -268K | -0.69% | $23.32* | 38.6M | Oct 28, 2024 | Direct | F1, F4 |
| transaction | ATUS | Class A common stock | Sale | -$6.58M | -268K | -0.7% | $24.50* | 38.3M | Oct 28, 2024 | Direct | F1, F4 |
| transaction | ATUS | Class A common stock | Sale | -$6.89M | -268K | -0.7% | $25.68* | 38.1M | Oct 28, 2024 | Direct | F1, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ATUS | Call option (obligation to sell) | Exercise of in-the-money or at-the-money derivative security | $0 | -268K | -0.81% | $0.00 | 32.7M | Oct 28, 2024 | Class A Common stock | 268K | Direct | F2, F3 | |
| transaction | ATUS | Call option (obligation to sell) | Exercise of in-the-money or at-the-money derivative security | $0 | -268K | -0.82% | $0.00 | 32.5M | Oct 28, 2024 | Class A Common stock | 268K | Direct | F2, F3 | |
| transaction | ATUS | Call option (obligation to sell) | Exercise of in-the-money or at-the-money derivative security | $0 | -268K | -0.83% | $0.00 | 32.2M | Oct 28, 2024 | Class A Common stock | 268K | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | 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). |
| F3 | (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. |
| F4 | In connection with the exercise and expiration of the Capped Calls on 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. |
Exhibit List: Exhibit 24.1 - Power of Attorney for Next Alt S.a.r.l; Exhibit 24.2 - Power of Attorney for Patrick Drahi