Mariano de Beer - Jun 15, 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
Director
Signature
Patrick Macken, Attorney-in-Fact
Stock symbol
RBBN
Transactions as of
Jun 15, 2023
Transactions value $
-$33,799
Form type
4
Date filed
6/16/2023, 12:56 PM
Previous filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +38.6K +131.6% 67.9K Jun 15, 2023 Direct F1
transaction RBBN Common Stock Tax liability -$33.8K -11.6K -17.05% $2.92 56.3K Jun 15, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBBN Restricted Stock Units (RSUs) Options Exercise $0 -38.6K -100% $0.00* 0 Jun 15, 2023 Common Stock 38.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 The RSUs were awarded on June 15, 2022 and vested in full on June 15, 2023.