Brian Protiva - 23 Aug 2022 Form 4/A - Amendment Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role: CEO of ADVA
Signature: Michael Foliano, by power of attorney
Issuer symbol: ADTN
Transactions as of: 23 Aug 2022
Net transactions value: -$403,873
Form type: 4/A - Amendment
Filing time: 02 Sep 2022, 16:40:24 UTC
Date Of Original Report: 25 Aug 2022
Previous filing: 21 Jul 2022
Next filing: 04 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADTN	Common Stock	Options Exercise	$186,927	+17,668	+5.3%	$10.58	348,277	23 Aug 2022	Direct
transaction	ADTN	Common Stock	Options Exercise	$62,184	+8,833	+2.5%	$7.04	357,110	23 Aug 2022	Direct
transaction	ADTN	Common Stock	Sale	$652,985	-26,501	-7.4%	$24.64	330,609	23 Aug 2022	Direct	F1
holding	ADTN	Common Stock						19,361	23 Aug 2022	By spouse

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
transaction	ADTN	Stock Option	Options Exercise	$0	-17,668	-100%	$0.000000^*	0	23 Aug 2022	Common Stock	17,668	$10.58	Direct
transaction	ADTN	Stock Option	Options Exercise	$0	-8,833	-14%	$0.000000	52,997	23 Aug 2022	Common Stock	8,833	$7.04	Direct
holding	ADTN	Stock Option						88,326	23 Aug 2022	Common Stock	88,326	$19.08	Direct
holding	ADTN	Stock Option						49,464	23 Aug 2022	Common Stock	49,464	$12.17	Direct
holding	ADTN	Stock Option						41,220	23 Aug 2022	Common Stock	41,220	$7.01	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.47 to $24.94, inclusive. The reporting person undertakes to provide to ADTRAN Holdings, Inc. (the Issuer), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.47 to $24.94, inclusive. The reporting person undertakes to provide to ADTRAN Holdings, Inc. (the Issuer), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.

Remarks:

Explanatory note: This amendment is being filed to clarify that the sales price for the direct sales on 8/23/22 that was originally reported in the Form 4 filed on 8/25/22 was a weighted average price and to provide the range of prices at which the shares were sold.