Eric S. Marmurek - 17 Apr 2024 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
SVP, Finance & CAO
Signature
Patrick Macken, By POA from Rick Marmurek, SVP, CAO
Issuer symbol
RBBN
Transactions as of
17 Apr 2024
Net transactions value
-$57,130
Form type
4
Filing time
19 Apr 2024, 16:16:41 UTC
Previous filing
18 Mar 2024
Next filing
17 May 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 +46,469 +18% 298,308 17 Apr 2024 Direct F1
transaction RBBN Common Stock Tax liability $44,550 -17,069 -5.7% $2.61 281,239 17 Apr 2024 Direct F2
transaction RBBN Common Stock Options Exercise +13,354 +4.7% 294,593 18 Apr 2024 Direct F1
transaction RBBN Common Stock Tax liability $12,580 -4,895 -1.7% $2.57 289,698 18 Apr 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 -46,469 -50% $0.000000 46,468 17 Apr 2024 Common Stock 46,469 Direct F1, F3
transaction RBBN RSUs Options Exercise $0 -13,354 -33% $0.000000 26,709 18 Apr 2024 Common Stock 13,354 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) converts into 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.
F3 The RSUs were granted on April 17, 2023 and vested as to one-half on April 17, 2024; the remaining half of the RSUs vest in two equal installments thereafter on July 17, 2024 and October 17, 2024.
F4 The RSUs were granted on April 18, 2022 and vested as to one-third on April 18, 2023; the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through April 18, 2025.