Dan Redington - Dec 15, 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Global Sales
Signature
Patrick Macken, By POA from Dan Redington, EVP of Global Sales
Stock symbol
RBBN
Transactions as of
Dec 15, 2023
Transactions value $
-$111,168
Form type
4
Date filed
12/18/2023, 04:46 PM
Previous filing
Apr 19, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise $0 +134K $0.00 134K Dec 15, 2023 Direct F1
transaction RBBN Common Stock Options Exercise $0 +41.7K +31.11% $0.00 176K Dec 15, 2023 Direct F1
transaction RBBN Common Stock Tax liability -$111K -42.8K -24.35% $2.60 133K Dec 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 -134K -100% $0.00* 0 Dec 15, 2023 Common Stock 134K Direct F1, F3
transaction RBBN RSUs Options Exercise $0 -41.7K -33.33% $0.00 83.3K Dec 15, 2023 Common Stock 41.7K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 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 the first anniversary of the date of grant.
F4 The RSUs vested as to one-third on the first anniversary of the date of grant, and the remaining two-thirds will vest in four equal semi-annual installments thereafter through December 15, 2025.