# EDGAR Filing Document

**Accession Number:** 0001709662
**File Stem:** 0000929638-23-000290
**Filing Date:** 2023-2
**Character Count:** 9890
**Document Hash:** 7a8c3de9b16eb8cd3856faba31c97f70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-23-000290.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0000929638-23-000290

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230203

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Next Alt S.a.r.l.
- **CENTRAL INDEX KEY:** 0001709662
- **STATE OF INCORPORATION:** N4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38126
- **FILM NUMBER:** 23593442

**BUSINESS ADDRESS:**
- **STREET 1:** 5, RUE EUGENE RUPPERT
- **CITY:** GRAND DUCHY OF LUXEMBOURG
- **STATE:** N4
- **ZIP:** L-2453
- **BUSINESS PHONE:** 352 27 380 801

**MAIL ADDRESS:**
- **STREET 1:** 5, RUE EUGENE RUPPERT
- **CITY:** GRAND DUCHY OF LUXEMBOURG
- **STATE:** N4
- **ZIP:** L-2453
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Drahi Patrick
- **CENTRAL INDEX KEY:** 0001709689

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38126
- **FILM NUMBER:** 23593441

**MAIL ADDRESS:**
- **STREET 1:** WIESTISTRASSE 14
- **CITY:** ZERMATT
- **STATE:** V8
- **ZIP:** 3920
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Altice USA, Inc.
- **CENTRAL INDEX KEY:** 0001702780
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **IRS NUMBER:** 383980194
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1 COURT SQUARE WEST
- **CITY:** LONG ISLAND CITY
- **STATE:** NY
- **ZIP:** 11101
- **BUSINESS PHONE:** (516) 803-2300

**MAIL ADDRESS:**
- **STREET 1:** 1 COURT SQUARE WEST
- **CITY:** LONG ISLAND CITY
- **STATE:** NY
- **ZIP:** 11101

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Next Alt S.a.r.l.<br><sub>(Last) (First) (Middle)</sub><br>1, RUE HILDEGARD VON BINGEN<br><sub>(Street)</sub><br>GRAND DUCHY OF LUXEMBOURG, N4 L-1282<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Altice USA, Inc. [ ATUS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Drahi Patrick<br><sub>(Last) (First) (Middle)</sub><br>1, RUE HILDEGARD VON BINGEN<br><sub>(Street)</sub><br>GRAND DUCHY OF LUXEMBOURG, N4 L-1282<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Altice USA, Inc. [ ATUS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A common stock | 2023-02-03 |  | D<sup>(2)</sup> |  | 97812 | D | <sup>(2)</sup> | 33322332<sup>(2)</sup> | D<sup>(1)</sup> |  |
| Class A common stock |  |  |  |  |  |  |  | 6343893 | I | Uppernext S.C.S.p<sup>(1)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (right to buy) Class A common stock | $17.5 |  |  |  |  |  |  | <sup>(3)</sup> | 2028-12-19 | Class A common stock | 708822 |  | 708822 | I | Uppernext S.C.S.p<sup>(1)</sup> |
| Stock Option (right to buy) Class A common stock | $28.36 |  |  |  |  |  |  | <sup>(4)</sup> | 2030-01-29 | Class A common stock | 2160000 |  | 2160000 | I | Uppernext S.C.S.p<sup>(1)</sup> |
| Performance Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(6)</sup> | <sup>(7)</sup> | Class A common stock | 186970 |  | 186970 | I | Uppernext S.C.S.p<sup>(1)</sup> |
| Performance Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(8)</sup> | <sup>(7)</sup> | Class A common stock | 455616 |  | 455616 | I | Uppernext S.C.S.p<sup>(1)</sup> |

---

### Footnotes:

(1) 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.  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.

(2) On February 3, 2023, Next Alt transferred 97,812 shares of the Issuer's Class A common stock to the Issuer pursuant to a settlement agreement terminating litigation in Patel v. Drahi, et al., C.A. No. 2020-0499-PAF (Del. Ch.).

(3) These stock options were granted under the Altice USA Long Term Incentive Plan and vested on December 19, 2021.

(4) These stock options were granted under the Amended and Restated Altice USA 2017 Long Term Incentive Plan (the "Plan").  50% vested on December 27, 2021, 25% vested on December 27, 2022 and 25% are scheduled to vest on December 27, 2023.

(5) Each performance stock unit ("PSU") represents a contingent right to receive one share of Class A common stock of the Issuer.

(6) The PSUs were granted under the Plan and vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $50 per share.

(7) The PSUs will be forfeited if the applicable performance measure is not achieved prior to January 29, 2026 or if the Reporting Person does not continue to provide services to the Issuer through the achievement date of the applicable performance measure.

(8) The PSUs were granted under the Plan and vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $60 per share.

**Signature:** Next Alt S.a r.l.
By: /s/ Patrick Drahi and Laurent Godineau, managers  
**Date:** 2023-02-06

**Signature:** /s/ Patrick Drahi  
**Date:** 2023-02-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**