Thomas R. Stanton - Aug 11, 2022 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Chairman and CEO, Director
Signature
Michael Foliano, by power of attorney
Stock symbol
ADTN
Transactions as of
Aug 11, 2022
Transactions value $
-$224,321
Form type
4
Date filed
8/15/2022, 12:16 PM
Previous filing
Jul 15, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADTN Common Stock Options Exercise $100K +5.89K +0.7% $16.97 848K Aug 11, 2022 Direct
transaction ADTN Common Stock Tax liability -$100K -4.12K -0.49% $24.25 844K Aug 11, 2022 Direct F1
transaction ADTN Common Stock Options Exercise $1.18M +69.5K +8.23% $16.97 913K Aug 11, 2022 Direct
transaction ADTN Common Stock Tax liability -$1.4M -57.9K -6.34% $24.25 855K Aug 11, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADTN Incentive Stock Option (Right to Buy) Options Exercise $0 -5.89K -100% $0.00* 0 Aug 11, 2022 Common Stock 5.89K $16.97 Direct F3
transaction ADTN Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -69.5K -100% $0.00* 0 Aug 11, 2022 Common Stock 69.5K $16.97 Direct F3
holding ADTN Phantom Stock 158K Aug 11, 2022 Common Stock 158K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares surrendered to Adtran Holdings, Inc. to cover the exercise price of outstanding stock options. The reporting person received 1,769 shares of common stock on the net exercise of stock options to purchase 5,893 shares of common stock. The reporting person surrendered 4,124 shares of common stock underlying the stock options for payment of the exercise price, using the closing stock price on August 10, 2022 of $24.25, pursuant to the terms of the 2006 Employee Stock Incentive Plan.
F2 Represents shares surrendered to Adtran Holdings, Inc. to cover the exercise price of outstanding stock options. The reporting person received 11,606 shares of common stock on the net exercise of stock options to purchase 69,473 shares of common stock. The reporting person surrendered 57,867 shares of common stock underlying the stock options for payment of the exercise price and tax withholding, using the closing stock price on August 10, 2022 of $24.25, pursuant to the terms of the 2006 Employee Stock Incentive Plan.
F3 The options granted to the reporting person vested in four annual installments beginning on the anniversary of the date of grant and were fully vested prior to the Effective Time.
F4 Represents shares of phantom stock of the Issuer that have been acquired through the automatic reinvestment of dividends paid on the Issuer's common stock, which phantom shares become payable in cash six months after the reporting person's separation of service with the Issuer.