Miguel A. Lopez - 18 Oct 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CFO
Signature
Patrick Macken, By POA from Miguel Lopez
Issuer symbol
RBBN
Transactions as of
18 Oct 2023
Net transactions value
-$20,573
Form type
4
Filing time
23 Oct 2023, 08:37:30 UTC
Previous filing
19 Sep 2023
Next filing
11 Dec 2023
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 +26,709 +12% 251,734 18 Oct 2023 Direct F1
transaction RBBN Common Stock Tax liability $20,573 -9,569 -3.8% $2.15 242,165 18 Oct 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 -26,709 -25% $0.000000 80,127 18 Oct 2023 Common Stock 26,709 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 vested as to one-third on April 18, 2023 and the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through April 18, 2025.