Miguel A. Lopez - 17 Jul 2024 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
17 Jul 2024
Net transactions value
-$59,424
Form type
4
Filing time
18 Jul 2024, 17:44:53 UTC
Previous filing
19 Apr 2024
Next filing
21 Oct 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 +38,724 +9.8% 432,348 17 Jul 2024 Direct F1
transaction RBBN Common Stock Tax liability $59,424 -15,237 -3.5% $3.90 417,111 17 Jul 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 (RSU) Options Exercise $0 -38,724 -50% $0.000000 38,723 17 Jul 2024 Common Stock 38,724 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 were granted on April 17, 2023, vested as to one-third on April 17, 2024 and the remaining RSUs will vest on October 17, 2024.