James Denson Wilson Jr - Sep 1, 2022 Form 4/A - Amendment Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role: Chief Revenue Officer
Signature: /s/ Michael Foliano, by power of attorney
Stock symbol: ADTN
Transactions as of: Sep 1, 2022
Transactions value $: $3,891
Form type: 4/A - Amendment
Date filed: 9/8/2022, 08:56 AM
Date Of Original Report: Sep 6, 2022
Previous filing: Sep 2, 2022
Next filing: Nov 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADTN	Common Stock	Purchase	$2.34K	+102	+0.08%	$22.90	129K	Sep 4, 2022	Direct	F1
holding	ADTN	Common Stock						4.13K	Sep 1, 2022	401(k) Plan	F2

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	Phantom Stock	Purchase	$1.55K	+67.3	+0.39%	$23.01	17.3K	Sep 1, 2022	Common Stock	67.3		Direct	F3
holding	ADTN	Stock Option						20K	Sep 1, 2022	Common Stock	20K	$23.64	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Reflects shares acquired through the automatic reinvestment of dividends paid on the Issuer's common stock.
F2	Includes 15.653 shares acquired since the reporting person's prior Form 4 from the automatic reinvestment of dividends.
F3	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 deferred compensation plan. The phantom shares become payable in cash six months after the reporting person's separation of service with the Issuer.
F4	The options granted to the reporting person vested in four equal annual installments beginning on November 2, 2013.

Remarks:

The reporting person realized short-swing profits under Section 16(b) of the Exchange Act as a result of shares acquired through the automatic reinvestment of dividends paid on the Issuer's common stock held in the reporting person's personal brokerage accounts on September 4, 2022 being matched against prior sales of the Issuer's common stock by the reporting person. The reporting person has paid to the Issuer the maximum amount of short-swing profits that may have been realized by the reporting person.