Balan Nair - Jul 8, 2022 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Director
Signature
/s/ Michael Foliano, by power of attorney
Stock symbol
ADTN
Transactions as of
Jul 8, 2022
Transactions value $
$0
Form type
4
Date filed
7/11/2022, 04:50 PM
Previous filing
Jul 15, 2022
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADTN Common Stock Award -74.2K -50% 74.2K Jul 8, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Business Combination Agreement, dated August 30, 2021, by and among ADTRAN, Inc., ADVA Optical Networking SE, the Issuer (f/k/a Acorn HoldCo, Inc.), and Acorn MergeCo, Inc., ADTRAN, Inc. became a wholly owned subsidiary of the Issuer on July 8, 2022 (the "Effective Time"). At the Effective Time, each share of ADTRAN, Inc.'s common stock converted, on a one-for-one basis, into a share of the Issuer's common stock.
F2 Includes 3,943 shares of time-based restricted stock under a restricted stock award (an "RSA") and 35.53 shares of restricted stock acquired in connection with such RSA pursuant to a dividend reinvestment feature of the applicable equity plan.