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

Role
EVP, CLO & Secretary
Signature
Patrick Macken
Issuer symbol
RBBN
Transactions as of
17 Oct 2024
Net transactions value
-$65,348
Form type
4
Filing time
21 Oct 2024, 19:01:58 UTC
Previous filing
17 May 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 +20,652 +9.3% 241,636 17 Oct 2024 Direct F1
transaction RBBN Common Stock Tax liability $31,272 -9,252 -3.8% $3.38 232,384 17 Oct 2024 Direct F2
transaction RBBN Common Stock Options Exercise +21,367 +9.2% 253,751 18 Oct 2024 Direct F1
transaction RBBN Common Stock Tax liability $34,076 -9,572 -3.8% $3.56 244,179 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 -20,652 -25% $0.000000 61,957 17 Oct 2024 Common Stock 20,652 Direct F1, F3
transaction RBBN RSUs Options Exercise $0 -21,367 -50% $0.000000 21,367 18 Oct 2024 Common Stock 21,367 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.