Miguel Lopez - Jul 15, 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CFO
Signature
Patrick Macken, By POA from Miguel Lopez
Stock symbol
RBBN
Transactions as of
Jul 15, 2023
Transactions value $
-$16,854
Form type
4
Date filed
7/18/2023, 08:18 AM
Previous filing
May 5, 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 +16.6K +7.97% 225K Jul 15, 2023 Direct F1
transaction RBBN Common Stock Tax liability -$16.9K -5.83K -2.6% $2.89 219K Jul 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 (RSU) Options Exercise $0 -16.6K -100% $0.00* 0 Jul 15, 2023 Common Stock 16.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 RSUs.
F3 The RSUs vest over a three-year period as follows: one-third of the restricted stock units vested on July 15, 2021, and the remaining two-thirds of the RSUs vest in four equal, semi-annual installments thereafter through July 15, 2023.