ADTN ADTRAN

• $500K bought by 3 insiders
• $286K sold by 2 insiders outside a trading plan
• $2.2M sold by 1 insider under 10b5-1 plans

1. Insider
   Trade
   Value
   Traded, filed
2. Timothy P Santo CFO
   Buy
   $50K 6,579 shares at $7.60 +12% to stake
   Traded Aug 6 Filed Aug 7
   ↗
3. James Denson Wilson Jr. Chief Revenue Officer
   Sale
   $137K 9,332 shares at $14.72 6.1% of stake
   Traded May 20 Filed May 22
   ↗
4. Christoph Glingener Chief Technology Officer
   Planned sale
   $2.2M 148,392 shares at $14.96 76% of stake
   Traded May 7–8 Filed May 11
   ↗
5. Hourigan Rice Jacqueline Director
   Sale
   $148K 14,406 shares at $10.29 51% of stake
   Traded Mar 4 Filed Mar 5
   ↗
6. Timothy P Santo CFO
   Buy
   $49K 6,150 shares at $8.02 +30% to stake
   Traded Nov 28, 2025 Filed Dec 1, 2025
   ↗
7. Nikos Theodosopoulos Director
   Buy
   $100K 12,859 shares at $7.81 +33% to stake
   Traded Nov 26, 2025 Filed Dec 1, 2025
   ↗
8. Thomas R Stanton CEO
   Buy
   $300K 40,928 shares at $7.33 +4.3% to stake
   Traded Nov 24, 2025 Filed Nov 25, 2025
   ↗

Also filed in the last 12 months, not counted as buying or selling: 14 stock grants, 10 share withholdings for taxes, 3 option exercises, and 1 gift.