SCHEDULE: Divisar Capital Boosts ADTRAN Holdings Stake to 5.3%

Divisar Capital Management LLC and Steven Baughman have disclosed a 5.3% beneficial ownership stake in ADTRAN Holdings, Inc. common stock.

Summary

• Divisar Capital Management LLC and Steven Baughman collectively hold 4,229,362 shares of ADTRAN Holdings, Inc. Common Stock.
• This represents a 5.3% beneficial ownership stake in the company.
• The percentage is calculated based on 80,052,167 shares of Common Stock outstanding as of July 31, 2025, as reported by ADTRAN Holdings, Inc. in its Form 10-Q filed on August 5, 2025.
• Both Divisar Capital Management LLC and Steven Baughman share voting and dispositive power over these 4,229,362 shares.
• The filing is an Amendment No. 4 to a previous Schedule 13G, indicating an update to their ownership position.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by a passive investor, providing no direct positive or negative operational or financial insights into the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Disclosure of a significant passive ownership stake by an investment firm.

Key Dates

Keywords

ADTRAN Holdings, Divisar Capital Management, Steven Baughman, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment