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

Role
SVP, Deputy CFO & CAO
Signature
Patrick Macken, By POA from Rick Marmurek, SVP, Deputy CFO & CAO
Issuer symbol
RBBN
Transactions as of
17 Oct 2024
Net transactions value
-$49,608
Form type
4
Filing time
21 Oct 2024, 19:00:45 UTC
Previous filing
17 Oct 2024
Next filing
18 Mar 2025
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 +23,234 +8% 312,932 17 Oct 2024 Direct F1
transaction RBBN Common Stock Tax liability $30,900 -9,142 -2.9% $3.38 303,790 17 Oct 2024 Direct F2
transaction RBBN Common Stock Options Exercise +13,355 +4.4% 317,145 18 Oct 2024 Direct F1
transaction RBBN Common Stock Tax liability $18,708 -5,255 -1.7% $3.56 311,890 18 Oct 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 -23,234 -50% $0.000000 23,234 17 Oct 2024 Common Stock 23,234 Direct F1, F3
transaction RBBN RSUs Options Exercise $0 -13,355 -50% $0.000000 13,354 18 Oct 2024 Common Stock 13,355 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 October 17, 2024 and April 17, 2025.
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 vest in four equal semi-annual installments thereafter through April 18, 2025.