Adtran CEO Sells 4M Shares

HUNTSVILLE, Ala. -- ADTRAN, Inc. (NASDAQ:ADTN) announced today that Mark C. Smith, the Company's Chairman, CEO and founder sold four million shares of the Company's common stock. After the sale, Mr. Smith holds approximately four million shares. The purpose of the sale is for personal financial diversification. There is no change in Mr. Smith's involvement in the Company.

Adtran Inc.