Patrick Macken - 18 Jan 2024 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CLO & Secretary
Signature
Patrick Macken
Issuer symbol
RBBN
Transactions as of
18 Jan 2024
Net transactions value
-$54,784
Form type
4
Filing time
19 Jan 2024, 16:56:14 UTC
Previous filing
23 Oct 2023
Next filing
01 Mar 2024
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 $0 +40,983 +22% $0.000000 223,332 18 Jan 2024 Direct F1
transaction RBBN Common Stock Tax liability $54,784 -19,290 -8.6% $2.84 204,042 18 Jan 2024 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 -40,983 -100% $0.000000* 0 18 Jan 2024 Common Stock 40,983 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 the RSUs.
F3 The RSUs vested in full on January 18, 2024.