ADTRAN Holdings, Inc.

Director's Dealing • Jul 26, 2022

News Details

Directors’ Dealings | 26 July 2022 19:07

DGAP-DD: Adtran Holdings, Inc. english

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

26.07.2022 / 19:07

The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name

Title:
First name:	Brian
Last name(s):	Protiva

2. Reason for the notification

a) Position / status

Position:	Vice Chairman of the Board of Directors

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Adtran Holdings, Inc.

b) LEI

549300VV36J86CRRWF77

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code

Type:	Derivative
Description:	Stock option: subscription rights for shares in ADTRAN Holdings, Inc. (ISIN US00486H1059)

b) Nature of the transaction

Stock option exchange of a total of 313,572 stock options to subscribe for one share each in ADVA Optical Networking SE (‘ADVA’) at a ratio of 1:0.8244 for a total of 258,508 stock options to subscribe for one share each in ADTRAN Holdings, Inc. (ISIN US00486H1059, formerly trading as Acorn HoldCo, Inc.; ‘ADTRAN’) in connection with the business combination of ADVA and ADTRAN.

c) Price(s) and volume(s)

Price(s)	Volume(s)
not numberable	not numberable

d) Aggregated information

Price	Aggregated volume
not numberable	not numberable

e) Date of the transaction

2022-07-20; UTC+2

f) Place of the transaction

Outside a trading venue

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26.07.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

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Language:	English
Company:	Adtran Holdings, Inc.
	901 Explorer Boulevard
	35806 Huntsville
	United States
Internet:	www.adtran.com

End of News	DGAP News Service