The Goldman Sachs Adtran voting stake stood at 5.32% after The Goldman Sachs Group, Inc. crossed a reporting threshold on Oct. 30, 2026, according to a voting rights announcement by Adtran Holdings, Inc.
The aggregate position combines 0.56% of voting rights attached to shares with 4.76% held through instruments. The total number of voting rights used for the calculation was 81,492,056, as stated under Sec. 41 of the German Securities Trading Act, known as the WpHG.
The notification followed an acquisition or disposal of shares with voting rights and instruments, rather than a change in the breakdown of voting rights or another reporting reason. It was released under Article 40, Section 1 of the WpHG with the aim of Europe-wide distribution.
How the 5.32% total is built
Adtran Holdings is listed in the filing at 901 Explorer Boulevard, Huntsville, 35806, in the United States, with Legal Entity Identifier 549300VV36J86CRRWF77. The Goldman Sachs Group, Inc. is identified as the person subject to the notification obligation, with its city of registered office in Wilmington, Delaware.
The share component of 0.56% represents 457,951 voting rights. All of those are classified as indirect holdings under Sec. 34 of the WpHG; the direct holding under Sec. 33 is zero. The shares carry ISIN US00486H1059.
Instruments account for the larger part of the total. Under Sec. 38 (1) no. 1 of the WpHG, two open-ended positions are reported: a right to recall covering 1,955,422 voting rights, or 2.40%, and a right of use covering 1,885,371 voting rights, or 2.31%. Together they amount to 3,840,793 voting rights, equal to 4.71%.
A separate instrument under Sec. 38 (1) no. 2 is a cash-settled swap with a maturity date of Oct. 13, 2031, covering 37,672 voting rights, or 0.05%. Adding that to the Sec. 38 (1) no. 1 positions produces the 4.76% instrument total.
Comparison with the previous notification
The filing sets the new figures against the prior notification. The share-related portion rose from 0.43% to 0.56%. The instrument portion declined from 5.27% to 4.76%. The combined total moved down from 5.70% to 5.32%.
The notification also includes a full chain of controlled undertakings beginning with The Goldman Sachs Group, Inc. The listed entities are GSAM Holdings LLC and Goldman Sachs Asset Management, L.P.; Goldman Sachs Bank USA and Goldman Sachs Bank Europe SE; Folio Financial, Inc. and Folio Investments, Inc.; Goldman Sachs & Co. LLC; and Goldman Sachs (UK) L.L.C., Goldman Sachs Group UK Limited and Goldman Sachs International. The percentage columns for those entities in the announcement are blank.
The filing carries a date of Nov. 5, 2026, in its explanatory remarks and was disseminated on Nov. 8, 2026. It does not report any proxy voting under Sec. 34 para. 3 of the WpHG and does not include general meeting totals.
The announcement is a regulatory disclosure of major holdings. It records the threshold date, the split between shares and instruments, and the chain of entities linked to the notifying party; it does not set out the reasons for the individual position changes.