Key facts
- This page summarizes Next Alt S.a.r.l.'s Form 4 filing for Altice USA, Inc. (ATUS).
- 6 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 26 Dec 2024, 09:50.
Next Alt S.a.r.l. - 24 Dec 2024 Form 4 Insider Report for Altice USA, Inc. (ATUS)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- ATUS
- Reported as of
- 24 Dec 2024
- Net transaction value
- -$19,728,135
- SEC form
- 4
- Accepted by SEC
- 26 Dec 2024, 09:50:24 UTC
- Prior SEC filing
- 23 Dec 2024
- Next SEC filing
- 02 Jun 2026
- Source filing
- View source filing
- Reporting owner signature
- Next Alt S.a r.l. By: /s/ Armelle Koelf Armelle Koelf, pursuant to power of attorney for Next Alt S.a r.l.
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Next Alt S.a.r.l. filed Form 4 for Altice USA, Inc. (ATUS) on 26 Dec 2024.
Change
- Previous filing in this sequence was filed on 23 Dec 2024.
- Current net transaction value: -$19,728,135.
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
Sale
- Transaction value
- $6,258,355
- Shares
- -268,410
- Change %
- -4%
- Price
- $23.32*
- Shares after
- 6,383,472
- Date
- 24 Dec 2024
- Ownership
- Direct
- Footnotes
- F1, F4
ATUS
transaction
Class A common stock
Sale
- Transaction value
- $6,576,045
- Shares
- -268,410
- Change %
- -4.2%
- Price
- $24.50*
- Shares after
- 6,115,062
- Date
- 24 Dec 2024
- Ownership
- Direct
- Footnotes
- F1, F4
ATUS
transaction
Class A common stock
Sale
- Transaction value
- $6,893,735
- Shares
- -268,410
- Change %
- -4.4%
- Price
- $25.68*
- Shares after
- 5,846,652
- Date
- 24 Dec 2024
- Ownership
- Direct
- Footnotes
- F1, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ATUS
transaction
Derivative
Call option (obligation to sell)
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $0
- Shares
- -268,410
- Change %
- -33%
- Price
- $0.000000
- Shares after
- 536,820
- Date
- 24 Dec 2024
- Ownership
- Direct
- Underlying class
- Class A Common stock
- Underlying amount
- 268,410
- Exercise price
- Footnotes
- F2, F3
ATUS
transaction
Derivative
Call option (obligation to sell)
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $0
- Shares
- -268,410
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 268,410
- Date
- 24 Dec 2024
- Ownership
- Direct
- Underlying class
- Class A Common stock
- Underlying amount
- 268,410
- Exercise price
- Footnotes
- F2, F3
ATUS
transaction
Derivative
Call option (obligation to sell)
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $0
- Shares
- -268,410
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 24 Dec 2024
- Ownership
- Direct
- Underlying class
- Class A Common stock
- Underlying amount
- 268,410
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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.
Footnote 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).
Footnote 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.
Footnote F4
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.
SEC remarks
Exhibit List: Exhibit 24.1 - Power of Attorney for Next Alt S.a r.l; Exhibit 24.2 - Power of Attorney for Patrick Drahi