Patrick Macken - Oct 17, 2024 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CLO & Secretary
Signature
Patrick Macken
Stock symbol
RBBN
Transactions as of
Oct 17, 2024
Transactions value $
-$65,348
Form type
4
Date filed
10/21/2024, 07:01 PM
Previous filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +20.7K +9.35% 242K Oct 17, 2024 Direct F1
transaction RBBN Common Stock Tax liability -$31.3K -9.25K -3.83% $3.38 232K Oct 17, 2024 Direct F2
transaction RBBN Common Stock Options Exercise +21.4K +9.19% 254K Oct 18, 2024 Direct F1
transaction RBBN Common Stock Tax liability -$34.1K -9.57K -3.77% $3.56 244K Oct 18, 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 -20.7K -25% $0.00 62K Oct 17, 2024 Common Stock 20.7K Direct F1, F3
transaction RBBN RSUs Options Exercise $0 -21.4K -50% $0.00 21.4K Oct 18, 2024 Common Stock 21.4K 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) and Performance Share Unit (PSU) 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-third on April 17, 2024; the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through April 17, 2026.
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.