Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ADTN | Common Stock | Award | +47.5K | 47.5K | Jul 8, 2022 | Direct | F1, F2 |
Id | Content |
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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. |