Dan Redington - Dec 15, 2024 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, Global Sales
Signature
Patrick Macken, By POA from Dan Redington, EVP of Global Sales
Stock symbol
RBBN
Transactions as of
Dec 15, 2024
Transactions value $
-$33,526
Form type
4
Date filed
12/16/2024, 05:34 PM
Previous filing
Oct 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +20.8K +16.07% 151K Dec 15, 2024 Direct F1
transaction RBBN Common Stock Tax liability -$33.5K -8.2K -5.45% $4.09 142K Dec 15, 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 -20.8K -33.33% $0.00 41.7K Dec 15, 2024 Common Stock 20.8K Direct F1, F3
* 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 December 15, 2022 and vested as to one-third on December 15, 2023; the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through December 15, 2025.