Home / Restatements / Optimum Communications, Inc.
Filed 2026-09-21 路 Form 8-K 路 Accession 0001702780-26-000057 small
Price before filing: $1.08 (2026-09-18 close, split/dividend-adjusted)
Market cap at flag: $481.4M (2026-09-21) 路 Latest: $402.3M (2026-10-16)
| Window | OPTU | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | pending | pending | until 2026-10-21 | |
| 90 days | pending | pending | until 2026-12-20 | |
| 180 days | pending | pending | until 2027-03-20 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $32K (2 sales); 2 insiders bought $4.9M (16 purchases)
30 days after (window still open until 2026-10-21): none reported so far.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-07-01 | Olsen Michael General Counsel and CCRO | Sale | 20,000 | $0.88 | $18K | yes | Form 4 |
| 2026-07-29 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 129,808 | $0.76 | $98K | no | Form 4 |
| 2026-07-29 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 129,808 | $0.76 | $98K | no | Form 4/A |
| 2026-07-30 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 732,279 | $0.74 | $544K | no | Form 4 |
| 2026-07-30 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 732,279 | $0.74 | $544K | no | Form 4/A |
| 2026-07-31 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 120,958 | $0.74 | $90K | no | Form 4 |
| 2026-07-31 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 120,958 | $0.74 | $90K | no | Form 4/A |
| 2026-08-03 | Olsen Michael General Counsel and CCRO | Sale | 20,000 | $0.74 | $15K | yes | Form 4 |
| 2026-08-19 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 1,291,471 | $0.84 | $1.1M | no | Form 4 |
| 2026-08-19 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 1,291,471 | $0.84 | $1.1M | no | Form 4/A |
| 2026-08-20 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 50,536 | $0.85 | $43K | no | Form 4 |
| 2026-08-20 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 50,536 | $0.85 | $43K | no | Form 4/A |
| 2026-08-21 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 535,191 | $0.85 | $453K | no | Form 4 |
| 2026-08-21 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 535,191 | $0.85 | $453K | no | Form 4/A |
| 2026-08-24 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 171,711 | $0.83 | $143K | no | Form 4 |
| 2026-08-24 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 171,711 | $0.83 | $143K | no | Form 4/A |
| 2026-08-25 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 400 | $0.85 | $340 | no | Form 4 |
| 2026-08-25 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 400 | $0.85 | $340 | no | Form 4/A |
| 2026-09-21: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-06-23 to 2026-10-21. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review On September 16, 2026, the Audit Committee of the Board of Directors (the "Audit Committee") of the Company, in consultation with management, concluded that certain previously issued consolidated financial statements of the Company (and related earnings releases, shareholder communications, investor..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.