Michael Foliano - Dec 31, 2022 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Chief Financial Officer
Signature
Michael Foliano
Stock symbol
ADTN
Transactions as of
Dec 31, 2022
Transactions value $
-$358,062
Form type
4
Date filed
1/4/2023, 04:17 PM
Previous filing
Dec 8, 2022
Next filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADTN Common Stock Tax liability -$358K -19.1K -13.03% $18.79 127K Dec 31, 2022 Direct F1
transaction ADTN Common Stock Disposed to Issuer $0 -20.2K -15.86% $0.00 107K Dec 31, 2022 Direct F2
holding ADTN Common Stock 250 Dec 31, 2022 401(k) Plan

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 $0 +20.2K +94.76% $0.00 41.5K Dec 31, 2022 Common Stock 20.2K Direct F2, F3
holding ADTN Stock Options 16.9K Dec 31, 2022 Common Stock 16.9K $15.33 Direct F4
holding ADTN Stock Options 17.3K Dec 31, 2022 Common Stock 17.3K $18.97 Direct F5
holding ADTN Stock Options 18.1K Dec 31, 2022 Common Stock 18.1K $23.64 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares delivered to the Issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock units.
F2 Upon vesting 20,171 restricted stock units previously granted to the reporting person were deferred resulting in the reporting person's receipt of phantom stock pursuant to the Issuer's equity deferral program.
F3 Represents shares of phantom stock of the Issuer 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.
F4 The options granted to the reporting person vested in four equal annual installments beginning on November 14, 2015.
F5 The options granted to the reporting person vested in four equal annual installments beginning on November 15, 2014
F6 The options granted to the reporting person vested in four equal annual installments beginning on November 2, 2013.