Next Alt S.a.r.l. - 25 May 2021 Form 4 Insider Report for Altice USA, Inc. (ATUS)

Role
Director, 10%+ Owner
Signature
/s/ Jeremie Bonnin, attorney in fact for Next Alt S.a r.l.
Issuer symbol
ATUS
Transactions as of
25 May 2021
Net transactions value
-$145,497,113
Form type
4
Filing time
27 May 2021, 17:29:29 UTC
Next filing
03 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATUS Class A common stock Sale $87,443,500 -2,350,000 -6.3% $37.21* 34,719,305 25 May 2021 Direct
transaction ATUS Class A common stock Other $58,053,591 -1,560,161 -4.5% $37.21* 33,159,144 25 May 2021 Direct F5
transaction ATUS Class A common stock Options Exercise $10,477,537 +600,604 +10% $17.44* 6,631,501 25 May 2021 Uppernext S.C.S.p F1, F4
transaction ATUS Class A common stock Tax liability $10,477,559 -287,608 -4.3% $36.43* 6,343,893 25 May 2021 Uppernext S.C.S.p F1, F4
holding ATUS Class A common stock 260,000 25 May 2021 Altice CVC Lux S.a r.l. F2, F4
holding ATUS Class A common stock 1,000 25 May 2021 A4 S.A. F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ATUS Stock Option (right to buy) Class A com-mon stock Options Exercise $0 +600,604 $0.000000* 0 25 May 2021 Class A common stock 600,604 $17.44 Uppernext S.C.S.p F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Next Alt S.a r.l. ("Next Alt") is an indirect wholly-owned and controlled personal holding company of Patrick Drahi. Uppernext S.C.S.p ("Uppernext") is a wholly-owned and controlled personal holding company of Patrick Drahi. Mr. Drahi may be deemed to beneficially own shares of the Issuer held by Next Alt and Uppernext.
F2 Altice CVC Lux S.a r.l. ("Altice CVC") is an indirect, wholly-owned and controlled company of Patrick Drahi and Next Alt. Mr. Drahi and Next Alt may be deemed to beneficially own shares of the Issuer held by Altice CVC.
F3 A4 S.A. ("A4") is a company controlled by the family of Patrick Drahi. Mr. Drahi is a director of the Issuer and Next Alt and A4 are parties to a stockholders agreement with the Issuer pursuant to which they have certain rights to appoint directors of the Issuer.
F4 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.
F5 Shares were disposed of in a private transaction to satisfy a monetary obligation of Next Alt.

Remarks:

Exhibit 24.1 - Power of Attorney for Next Alt S.a r.l.; Exhibit 24.2 - Power of Attorney for Patrick Drahi; Exhibit 24.3 - Power of Attorney for A4 S.A.