James Denson Wilson Jr - Dec 1, 2023 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role: Chief Revenue Officer
Signature: /s/ Dan Ragsdale by power of attorney
Stock symbol: ADTN
Transactions as of: Dec 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/4/2023, 04:01 PM
Previous filing: Nov 20, 2023
Next filing: Jan 23, 2024

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	Stock Options	Award	$0	+16.9K		$0.00	16.9K	Dec 1, 2023	Common Stock	16.9K	$5.23	Direct	F1
holding	ADTN	Phantom Stock						17.8K	Dec 1, 2023	Common Stock	17.8K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The options granted to the reporting person vest in two equal annual installments beginning on December 1, 2024.
F2	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 held in the reporting person's account under the Issuer's equity deferral program. The phantom shares are issued to the reporting person six months after a separation of service from the Issuer in the form of whole shares of common stock, plus cash for any fractional shares.

Content

The options granted to the reporting person vest in two equal annual installments beginning on December 1, 2024.

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 held in the reporting person's account under the Issuer's equity deferral program. The phantom shares are issued to the reporting person six months after a separation of service from the Issuer in the form of whole shares of common stock, plus cash for any fractional shares.