Jacqueline H. Rice - Dec 6, 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
Dec 6, 2022
Transactions value $
$355
Form type
4
Date filed
12/8/2022, 05:06 PM
Previous filing
Sep 6, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ADTN Common Stock 3.94K Dec 6, 2022 Direct F1
holding ADTN Common Stock 35.3K Dec 6, 2022 As Trustee

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 Award $355 +18.3 +35.79% $19.38 69.5 Dec 6, 2022 Common Stock 18.3 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On our previous filing on September 6, 2022, the dividend equivalent rights were inadvertently reported in Table I as non-derivative securities acquired. This report properly reflects the dividend equivalent rights as acquired derivative securities in Table II.
F2 Represents quarterly cash dividends paid on restricted stock awards (RSAs), 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.