Optimum communications director Neil Subin acquires $2.45m in stock

Neil Subin, a director and 10% owner of Optimum Communications Inc. (NASDAQ: OPTU), recently made a significant stock purchase. Between July and August 2026, he indirectly acquired approximately $2,454,821 worth of Class A Common Stock. The shares were bought on several dates throughout those months, with prices ranging from $0.7415 to $0.85 per share.

At the time of purchase, OPTU stock was trading at $0.93, which has declined by 62% over the past year. Despite the company's financial challenges, including a substantial debt burden and liquidity issues, the acquisition is seen as potentially undervalued by analysis. Subin manages entities that oversee Dark Mirage, LP, which indirectly owns these shares.

While Subin disclaims any beneficial ownership beyond pecuniary interest, he is the President and Manager of MILFAM LLC, the investment advisor of Dark Mirage, LP. Lightpath recently secured a significant 10-year agreement with a multinational data center developer, which will expand regional fiber network capacity by 30%. Optimum Communications is currently rated as a Hold by StoneX, citing ongoing challenges with subscriber attrition and revenue contraction despite cost discipline efforts.