Key facts
- This page summarizes Ribbon Communications Inc.'s Form 4 filing for American Virtual Cloud Technologies, Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 21 Sep 2022, 17:21.
Ribbon Communications Inc. - 29 Aug 2022 Form 4 Insider Report for American Virtual Cloud Technologies, Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 29 Aug 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 21 Sep 2022, 17:21:35 UTC
- Prior SEC filing
- 10 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Patrick Macken
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Ribbon Communications Inc. filed Form 4 for American Virtual Cloud Technologies, Inc. on 21 Sep 2022.
Change
- Previous filing in this sequence was filed on 10 Sep 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AVCT
transaction
Common Stock
Other
- Transaction value
- Shares
- -13,700,421
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 29 Aug 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AVCT
transaction
Derivative
Warrants
Other
- Transaction value
- Shares
- -43,778
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 29 Aug 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 4,377,800
- Exercise price
- $0.0100
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Ribbon Communications Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
On August 29, 2022, the Issuer and its subsidiary, AVCtechnologies USA, Inc., entered into a Settlement Agreement with the Reporting Person, Ribbon Communications Canada, ULC and Ribbon Communications Operating Company, Inc. (the "Settlement Agreement"). In consideration of the resolution of the disputes between the parties encompassed within the Settlement Agreement, among other things, pursuant to a Stock Redemption Agreement, the 13,700,421 shares of Common Stock issued to the Reporting Person were redeemed by the Issuer for no further consideration and were canceled.
Footnote F2
In consideration of the resolution of the disputes between the parties encompassed within the Settlement Agreement, among other things, pursuant to a Warrant Termination Agreement, the Warrants were terminated and canceled.
Footnote F3
The Warrants were exercisable at any time through the fifth anniversary of the date of issuance, which was December 1, 2020.