Bruce William McClelland - 17 Apr 2025 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
President & CEO, Director
Signature
Patrick Macken, By POA from Bruce McClelland, CEO & President
Issuer symbol
RBBN
Transactions as of
17 Apr 2025
Net transactions value
-$47,810
Form type
4
Filing time
22 Apr 2025, 18:49:20 UTC
Previous filing
21 Oct 2024
Next filing
19 May 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 +34,420 +2.7% 1,327,883 17 Apr 2025 Direct F1
transaction RBBN Common Stock Tax liability $47,810 -13,544 -1% $3.53 1,314,339 17 Apr 2025 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 -34,420 -33% $0.000000 68,841 17 Apr 2025 Common Stock 34,420 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) 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 originally 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.