ADTRAN Holdings, Inc. — Director's Dealing 2021

Mar 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADTRAN INC (ADTN)
CIK: 0000926282
Period of Report: 2021-03-04

Reporting Person: Wilson James Denson Jr (Chief Revenue Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-04	Common Stock	A	52.73	$15.8407	Acquired	41102.63	Direct
2021-03-04	Common Stock	A	21.37	$14.86	Acquired	4030.63	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-04	Phantom Stock	$	A	89.402	Acquired		Common Stock (89.402)	Direct

Footnotes

F1: Reflects shares acquired through the automatic reinvestment of dividends paid on the Company's common stock.

F2: Each share of phantom stock represents a right to receive one share of common stock at the cash value thereof.

F3: The phantom stock becomes payable six months after the reporting person's separation of service with the Company. The reporting person may transfer the phantom stock account into an alternative investment at any time.