Eric S. Marmurek - 15 Oct 2024 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Signature
Patrick Macken, By POA for Rick Marmurek, SVP Deputy CFO & CAO
Issuer symbol
RBBN
Transactions as of
15 Oct 2024
Net transactions value
$0
Form type
4
Filing time
17 Oct 2024, 17:05:05 UTC
Previous filing
17 May 2024
Next filing
21 Oct 2024

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) Award $0 +150,000 $0.000000 150,000 15 Oct 2024 Common Stock 150,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These RSUs convert to Common Stock on a one-for-one basis.
F2 The RSUs will vest as to 50% on October 15, 2025 and the remaining 50% of the RSUs will vest in two equal semi-annual installments thereafter through October 15, 2026.