Santo Timothy P 4

What Happened
Timothy P. Santo, Senior Vice President of Finance and Chief Financial Officer of ADTRAN Holdings (ADTN), delivered 1,501 shares back to the company to satisfy withholding taxes tied to the vesting of previously granted restricted stock units. The shares were valued at $11.90 each, totaling $17,862. This was a tax-withholding/settlement transaction (routine), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-19; price per share: $11.90; total value: $17,862.
• Transaction type/code: F — shares delivered for payment of tax liability (withholding on vested RSUs).
• Footnote: Shares were delivered to the issuer to pay withholding taxes due upon vesting of previously granted RSUs.
• Filing: Form 4 filed 2026-03-23 (within the standard reporting window for a 2026-03-19 transaction).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This was a routine net-share settlement to cover taxes on vested restricted stock units (i.e., shares surrendered to the company), not a market sale indicating a change in sentiment. Such tax-withholding disposals are common and typically administrative rather than informative about insider views.