Key facts
- This page summarizes Michael Grau's Form 4 filing for Altice USA, Inc. (ATUS).
- 5 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 03 Mar 2023, 15:34.
Michael Grau - 01 Mar 2023 Form 4 Insider Report for Altice USA, Inc. (ATUS)
- Reporting relationship
- Former Chief Financial Officer
- Issuer ticker
- ATUS
- Reported as of
- 01 Mar 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2023, 15:34:52 UTC
- Prior SEC filing
- 03 Jan 2023
- Next SEC filing
- 03 Apr 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael Grau
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Grau filed Form 4 for Altice USA, Inc. (ATUS) on 03 Mar 2023.
Change
- Previous filing in this sequence was filed on 03 Jan 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ATUS
transaction
Class A common stock
Award
- Transaction value
- Shares
- +241,116
- Change %
- +59%
- Price
- Shares after
- 646,779
- Date
- 01 Mar 2023
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ATUS
transaction
Derivative
Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -797,872
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 797,872
- Exercise price
- $15.78
- Footnotes
- F2, F3
ATUS
transaction
Derivative
Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -56,903
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 56,903
- Exercise price
- $17.57
- Footnotes
- F2, F4
ATUS
transaction
Derivative
Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -750,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 750,000
- Exercise price
- $28.36
- Footnotes
- F2, F5
ATUS
transaction
Derivative
Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -83,052
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 83,052
- Exercise price
- $24.08
- Footnotes
- F2, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Michael Grau is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
Represents restricted share units ("RSUs") granted pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended (the "Plan"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs vest in equal installments on each of March 1, 2024 and 2025.
Footnote F2
On March 1, 2023, the Issuer cancelled, pursuant to the Issuer's stock option exchange program, (i) stock options to purchase 797,872 shares of the Issuer's Class A common stock granted to the Reporting Person on December 29, 2021, (ii) stock options to purchase 56,903 shares of the Issuer's Class A common stock granted to the Reporting Person on June 27, 2018, (iii) stock options to purchase 750,000 shares of the Issuer's Class A common stock granted to the Reporting Person on January 29, 2020 and (iv) stock options to purchase 83,052 shares of the Issuer's Class A common stock granted to the Reporting Person on June 26, 2019. In exchange for the cancelled stock options, the Reporting Person received 241,116 RSUs and $2,411,190 of deferred cash denominated awards ("DCAs"). The RSUs and DCAs will vest in equal installments on each of March 1, 2024 and 2025, subject to the Reporting Person's continued employment with the Issuer on the vesting date.
Footnote F3
These stock options provided for vesting in equal installments on each of December 29, 2022, 2023 and 2024.
Footnote F4
These stock options vested on June 27, 2021.
Footnote F5
These stock options provided for vesting 50% on December 27, 2021, 25% on December 27, 2022 and 25% on December 27, 2023.
Footnote F6
These stock options vested on June 26, 2022.