Eric S. Marmurek - Jun 16, 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
SVP, Finance & CAO
Signature
Patrick Macken, By POA for Rick Marmurek, SVP Finance & CAO
Stock symbol
RBBN
Transactions as of
Jun 16, 2023
Transactions value $
-$34,762
Form type
4
Date filed
6/20/2023, 04:10 PM
Previous filing
Apr 19, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise $0 +48.2K +25.86% $0.00 235K Jun 16, 2023 Direct F1
transaction RBBN Common Stock Tax liability -$34.8K -11.7K -5% $2.96 223K Jun 16, 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 -48.2K -100% $0.00* 0 Jun 16, 2023 Common Stock 48.2K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These RSUs convert to Common Stock on a one-for-one basis.
F2 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs.
F3 The RSUs vested in full on June 16, 2023.