Brian Protiva - 31 Dec 2023 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Director
Signature
/s/ Dan Ragsdale, by power of attorney
Issuer symbol
ADTN
Transactions as of
31 Dec 2023
Net transactions value
-$3.11
Form type
4
Filing time
03 Jan 2024, 17:51:20 UTC
Previous filing
08 Dec 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 +168 +0.07% 237,197 31 Dec 2023 Direct F1
transaction ADTN Common Stock Disposed to Issuer $3.11 -0 -0% $7.34 237,196 31 Dec 2023 Direct F1
transaction ADTN Common Stock Award $0 +16,349 +6.9% $0.000000 253,545 31 Dec 2023 Direct F2
holding ADTN Common Stock 119,361 31 Dec 2023 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 Footnotes
transaction ADTN Dividend Equivalent Rights Options Exercise $0 -168 -100% $0.000000* 0 31 Dec 2023 Common Stock 168 Direct F1
holding ADTN Stock Option 88,326 31 Dec 2023 Common Stock 88,326 $19.08 Direct F3
holding ADTN Stock Options 49,464 31 Dec 2023 Common Stock 49,464 $12.17 Direct F4
holding ADTN Stock Options 41,220 31 Dec 2023 Common Stock 41,220 $7.01 Direct F5
holding ADTN Stock Options 52,997 31 Dec 2023 Common Stock 52,997 $7.04 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of dividend equivalent rights (DERs) in connection with the lapse of restrictions on restricted stock awards (RSAs). The DERs represent quarterly cash dividends paid on restricted stock awards, which are credited to a bookkeeping account and hypothetically invested in shares of common stock until the underlying RSAs vest. Upon vesting, the Company pays the Reporting Person the accumulated value of the bookkeeping account in the form of whole shares of common stock, plus any remaining cash.
F2 Represents restricted stock award grant that vests in full on the first anniversary of the date of grant.
F3 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2022.
F4 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2021.
F5 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2020.
F6 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2018.