Brian Protiva - 05 Sep 2023 Form 4 Insider Report for ADTRAN Holdings, Inc. (ADTN)

Role
Director
Signature
/s/ Dan Ragsdale, by power of attorney
Issuer symbol
ADTN
Transactions as of
05 Sep 2023
Net transactions value
+$578
Form type
4
Filing time
07 Sep 2023, 17:20:01 UTC
Previous filing
08 Jun 2023
Next filing
08 Dec 2023
SEC
View on sec.gov

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 $578 +69 +69% $8.37 168 05 Sep 2023 Common Stock 69 Direct F1
holding ADTN Stock Options 88,326 05 Sep 2023 Common Stock 88,326 $19.08 Direct F2
holding ADTN Stock Options 49,464 05 Sep 2023 Common Stock 49,464 $12.17 Direct F3
holding ADTN Stock Options 41,220 05 Sep 2023 Common Stock 41,220 $7.01 Direct F4
holding ADTN Stock Options 52,997 05 Sep 2023 Common Stock 52,997 $7.04 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 cash for any fractional shares.
F2 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2022.
F3 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2021.
F4 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2020.
F5 The options granted to the reporting person vested in four equal annual installments beginning on May 15, 2018.