Michael Foliano - Mar 21, 2023 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Chief Financial Officer
Signature
/s/ Michael Foliano
Stock symbol
ADTN
Transactions as of
Mar 21, 2023
Transactions value $
$3,732
Form type
4
Date filed
3/23/2023, 04:57 PM
Previous filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ADTN Common Stock 107K Mar 21, 2023 Direct
holding ADTN Common Stock 251 Mar 21, 2023 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 $3.73K +234 +0.56% $15.95 41.7K Mar 21, 2023 Common Stock 234 Direct F1
holding ADTN Stock Options 16.9K Mar 21, 2023 Common Stock 16.9K $15.33 Direct F2
holding ADTN Stock Options 17.3K Mar 21, 2023 Common Stock 17.3K $18.97 Direct F3
holding ADTN Stock Options 18.1K Mar 21, 2023 Common Stock 18.1K $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.