Key facts
- This page summarizes Charles Stewart's Form 4 filing for Altice USA, Inc. (ATUS).
- 5 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 25 Apr 2025, 18:11.
Charles Stewart - 07 Aug 2020 Form 4 Insider Report for Altice USA, Inc. (ATUS)
- Reporting relationship
- Director
- Issuer ticker
- ATUS
- Reported as of
- 07 Aug 2020
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 25 Apr 2025, 18:11:56 UTC
- Next SEC filing
- 10 May 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Charles Stewart
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Charles Stewart filed Form 4 for Altice USA, Inc. (ATUS) on 25 Apr 2025.
Change
- No earlier filing in this sequence is available for direct comparison.
- 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
Other
- Transaction value
- Shares
- -600,000
- Change %
- -62%
- Price
- Shares after
- 373,925
- Date
- 07 Aug 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F4
ATUS
transaction
Class A common stock
Other
- Transaction value
- Shares
- -350,000
- Change %
- -94%
- Price
- Shares after
- 23,925
- Date
- 19 Mar 2024
- Ownership
- Direct
- Footnotes
- F5, F6, F7
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ATUS
transaction
Derivative
Variable Prepaid Forward Transaction
Other
- Transaction value
- Shares
- +600,000
- Change %
- Price
- Shares after
- 600,000
- Date
- 07 Aug 2020
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 600,000
- Exercise price
- Footnotes
- F1, F2, F3
ATUS
transaction
Derivative
Variable Prepaid Forward Transaction
Other
- Transaction value
- Shares
- -600,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 07 Aug 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 600,000
- Exercise price
- Footnotes
- F1, F2, F4
ATUS
transaction
Derivative
Variable Prepaid Forward Transaction
Other
- Transaction value
- Shares
- -350,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 Mar 2024
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 350,000
- Exercise price
- Footnotes
- F5, F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
On August 7, 2020, the reporting person entered into a Variable Prepaid Forward Transaction (the "2020 Transaction") with an unaffiliated bank (the "2020 VPFT Bank") relating to 600,000 shares of Class A common stock of the Issuer ("Shares").
Footnote F2
On August 7, 2023 (the "2020 Settlement Date"), the reporting person was obligated to deliver to the 2020 VPFT Bank a number of Shares determined as follows (or, at the reporting person's election, an equivalent amount in cash): (a) if the closing price per share on August 7, 2023 (the "2020 Settlement Price") is less than $26.38 (the "2023 Floor Price"), 600,000 Shares (the "2020 Number of Shares"); (b) if the 2020 Settlement Price is greater than the 2020 Floor Price but less than or equal to $33.32 (the "2020 Cap Price"), the 2020 Number of Shares multiplied by the 2020 Floor Price divided by the 2020 Settlement Price; and (c) if the 2020 Settlement Price is greater than the 2020 Cap Price, the 2020 Number of Shares multiplied by (1 - ((2020 Forward Cap Price - 2020 Forward Floor Price), divided by the 2020 Settlement Price)).
Footnote F3
In exchange for assuming this obligation, the reporting person received a cash payment of $14,497,440 as a loan on August 7, 2020. The reporting person pledged 600,000 Shares (the "2020 Pledged Shares") to the Bank to secure its obligations under the 2020 Transaction. The reporting person retained voting rights in the 2020 Pledged Shares during the term of the pledge, but the reporting person is obligated to share with the 2020 VPFT Bank certain economic benefits of dividends paid during the term of the pledge.
Footnote F4
On the 2020 Settlement Date, the reporting person settled the 2020 Transaction. On the 2020 Settlement Date, the 2020 Settlement Price was $3.46. Accordingly, the reporting person transferred to the 2020 VPFT Bank all of the 2020 Pledged Shares.
Footnote F5
On March 19, 2024 (the "2019 Settlement Date"), the reporting person settled a Variable Prepaid Forward Transaction (the "2019 Transaction") that was entered into on September 19, 2019 and amended on September 19, 2022 with an unaffiliated bank (the "2019 VPFT Bank") relating to 350,000 Shares.
Footnote F6
The Transaction obligated the reporting person to deliver on the 2019 Settlement Date to the 2019 VPFT Bank a number of Shares determined as follows (or, at the reporting person's election, an equivalent amount in cash): (a) if the closing price per 2019 Share on the 2019 Settlement Date (the "2019 Settlement Price") is less than $29.95 (the "2019 Floor Price"), 350,000 Shares (the "2019 Number of Shares"); (b) if the 2019 Settlement Price is greater than the 2019 Floor Price but less than or equal to $37.44 (the "2019 Cap Price"), the 2019 Number of Shares multiplied by the 2019 Floor Price divided by the 2019 Settlement Price; and (c) if the 2019 Settlement Price is greater than the 2019 Cap Price, the 2019 Number of Shares multiplied by (1 - (Cap Price - Floor Price), divided by the Settlement Price).
Footnote F7
The reporting person pledged 350,000 Shares (the "2019 Pledged Shares") to the 2019 VPFT Bank to secure its obligations under the 2019 Transaction. On the 2019 Settlement Date, the 2019 Settlement Price was $2.61. Accordingly, the reporting person transferred to the 2019 VPFT Bank all of the 2019 Pledged Shares.