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

Role
Director
Signature
Patrick Macken, Attorney-in-Fact
Issuer symbol
RBBN
Transactions as of
15 Jun 2023
Net transactions value
-$33,799
Form type
4
Filing time
16 Jun 2023, 12:56:50 UTC
Previous filing
17 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +38,585 +132% 67,906 15 Jun 2023 Direct F1
transaction RBBN Common Stock Tax liability $33,799 -11,575 -17% $2.92 56,331 15 Jun 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 -38,585 -100% $0.000000* 0 15 Jun 2023 Common Stock 38,585 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.