Sec Form 4 Filing - Next Alt S.a.r.l. @ Altice USA, Inc. - 2021-05-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Next Alt S.a.r.l.
2. Issuer Name and Ticker or Trading Symbol
Altice USA, Inc. [ ATUS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
5, RUE EUGENE RUPPERT
3. Date of Earliest Transaction (MM/DD/YY)
05/25/2021
(Street)
GRAND DUCHY OF LUXEMBOURG, N4L-2453
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A common stock 05/25/2021 S 2,350,000 D $ 37.21 34,719,305 D
Class A common stock 05/25/2021 J( 5 ) 1,560,161 D $ 37.21 33,159,144 D
Class A common stock 05/25/2021 M 600,604 A $ 17.445 6,631,501 I Uppernext S.C.S.p ( 1 ) ( 4 )
Class A common stock 05/25/2021 F 287,608 D $ 36.43 6,343,893 I Uppernext S.C.S.p ( 1 ) ( 4 )
Class A common stock 260,000 I Altice CVC Lux S.a r.l. ( 2 ) ( 4 )
Class A common stock 1,000 I A4 S.A. ( 3 ) ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) Class A com-mon stock $ 17.445 05/25/2021 M 600,604 12/21/2021 12/30/2027 Class A common stock 600,604 $ 0 0 I Uppernext S.C.S.p ( 1 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Next Alt S.a.r.l.
5, RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4L-2453
X X
Drahi Patrick
5, RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4L-2453
X
A4 S.A.
5, RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4L-2453
X
Signatures
/s/ Jeremie Bonnin, attorney in fact for Next Alt S.a r.l. 05/27/2021
Signature of Reporting Person Date
/s/ Jeremie Bonnin, attorney in fact for Patrick Drahi 05/27/2021
Signature of Reporting Person Date
/s/ Jeremie Bonnin, attorney in fact for A4 S.A. 05/27/2021
Signature of Reporting Person Date
Explanation of Responses:
( 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.
( 2 )Altice CVC Lux S.a r.l. ("Altice CVC") is an indirect, wholly-owned and controlled company of Patrick Drahi and Next Alt. Mr. Drahi and Next Alt may be deemed to beneficially own shares of the Issuer held by Altice CVC.
( 3 )A4 S.A. ("A4") is a company controlled by the family of Patrick Drahi. Mr. Drahi is a director of the Issuer and Next Alt and A4 are parties to a stockholders agreement with the Issuer pursuant to which they have certain rights to appoint directors of the Issuer.
( 4 )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.
( 5 )Shares were disposed of in a private transaction to satisfy a monetary obligation of Next Alt.

Remarks:
Exhibit 24.1 - Power of Attorney for Next Alt S.a r.l.; Exhibit 24.2 - Power of Attorney for Patrick Drahi; Exhibit 24.3 - Power of Attorney for A4 S.A.

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).

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