Adtran Holdings Reports Goldman Sachs Voting Rights Shift
The Goldman Sachs Group, Inc. has adjusted its holdings in Adtran Holdings, Inc., reaching a total position of 4.96% in voting rights, according to a regulatory disclosure transmitted by EQS News. This total marks a slight decrease from its previous notification of 5.64%, as detailed in the filing published via markets.ft.com.
Breakdown of Voting Rights and Financial Instruments
The updated total position of 4.96% comprises 81,486,604 total voting rights pursuant to Section 41 of the WpHG (the German Securities Trading Act). Voting rights attached directly or indirectly to shares account for 0.57%, representing 462,851 shares identified under the ISIN US00486H1059. Financial instruments make up the remaining 4.39% of the total position.
According to the regulatory announcement, these instruments are divided into two primary categories under Section 38 of the WpHG. Instruments under Section 38(1) no. 1 include an open “Right To Recall” accounting for 1,812,380 voting rights (2.22%) and an open “Right Of Use” covering 1,723,955 voting rights (2.12%). Additionally, instruments under Section 38(1) no. 2 include cash-settled swaps expiring on September 25, 2036, representing 38,495 voting rights, or 0.05%.
Controlled Undertakings and Corporate Chain
The notification lists the full chain of controlled undertakings starting with the ultimate controlling entity, The Goldman Sachs Group, Inc. The filing identifies several subsidiaries involved in holding the interest, including GSAM Holdings LLC, Goldman Sachs Asset Management, L.P., Goldman Sachs Bank USA, Goldman Sachs Bank Europe SE, Folio Financial, Inc., Folio Investments, Inc., Goldman Sachs & Co. LLC, The Goldman Sachs Trust Company, National Association, The Goldman Sachs Trust Company of Delaware, Goldman Sachs (UK) L.L.C., Goldman Sachs Group UK Limited, and Goldman Sachs International.
The issuing company, Adtran Holdings, Inc., is headquartered at 901 Explorer Boulevard, Huntsville, Alabama, United States, and carries the Legal Entity Identifier (LEI) 549300VV36J86CRRWF77. The notification was submitted to fulfill transparency requirements under Article 40, Section 1 of the German Securities Trading Act for Europe-wide distribution.
Market Environment and Investment Plans
Massive investment plans worth billions by Alphabet, Amazon, Meta, and Microsoft have driven semiconductor and infrastructure stocks to ever-new heights. This growth increases the risk that capacities built today for billions will not deliver the hoped-for returns tomorrow, which could become a problem for investors.
Frequently Asked Questions
What threshold did Goldman Sachs cross regarding Adtran Holdings?
The notification records a total position change to 4.96% of voting rights, down from the previously reported 5.64%, crossing standard disclosure thresholds under German securities law.
Where is Adtran Holdings located?
The company is headquartered at 901 Explorer Boulevard in Huntsville, United States.
What types of financial instruments are included in the filing?
The filing details open Rights to Recall, open Rights of Use, and cash-settled swaps expiring on September 25, 2036.
The filing date for the announcement is October 4, 2026.
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