Michael Foliano - 06 Dec 2022 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role: Chief Financial Officer
Signature: /s/ Michael Foliano
Issuer symbol: ADTN
Transactions as of: 06 Dec 2022
Net transactions value: +$1,907
Form type: 4
Filing time: 08 Dec 2022, 17:01:57 UTC
Previous filing: 21 Nov 2022
Next filing: 04 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ADTN	Common Stock						250	06 Dec 2022	401(k) Plan
holding	ADTN	Common Stock						146,214	06 Dec 2022	Direct

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	Award	$1,907	+93	+0.44%	$20.61	21,287	06 Dec 2022	Common Stock	93		Direct	F1
holding	ADTN	Stock Options						16,934	06 Dec 2022	Common Stock	16,934	$15.33	Direct	F2
holding	ADTN	Stock Options						17,307	06 Dec 2022	Common Stock	17,307	$18.97	Direct	F3
holding	ADTN	Stock Options						18,062	06 Dec 2022	Common Stock	18,062	$23.64	Direct	F4

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

Explanation of Responses:

Id	Content
F1	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.
F2	The options granted to the reporting person vested in four equal annual installments beginning on November 14, 2015.
F3	The options granted to the reporting person vested in four equal annual installments beginning on November 15, 2014
F4	The options granted to the reporting person vested in four equal annual installments beginning on November 2, 2013.