Sam Bucci - 15 Mar 2025 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 Mar 2025, 18:20:09 UTC
Prior SEC filing
21 Oct 2024
Next SEC filing
22 Apr 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Patrick Macken, By POA for Sam Bucci, EVP & COO

Key filing fact

Sam Bucci filed Form 4 for Ribbon Communications Inc. (RBBN) on 18 Mar 2025.

Key facts

  • This page summarizes Sam Bucci's Form 4 filing for Ribbon Communications Inc. (RBBN).
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 18 Mar 2025, 18:20.

Change

  • Previous filing in this sequence was filed on 21 Oct 2024.
  • Current net transaction value: -$205,325.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RBBN transaction

Common Stock

Options Exercise

Transaction value
Shares
+32,799
Change %
+9.6%
Price
Shares after
375,568
Date
15 Mar 2025
Ownership
Direct
Footnotes
F1, F2
RBBN transaction

Common Stock

Tax liability

Transaction value
$69,350
Shares
-17,557
Change %
-4.7%
Price
$3.95
Shares after
358,011
Date
15 Mar 2025
Ownership
Direct
Footnotes
F3
RBBN transaction

Common Stock

Options Exercise

Transaction value
Shares
+64,308
Change %
+18%
Price
Shares after
422,319
Date
15 Mar 2025
Ownership
Direct
Footnotes
F1, F4
RBBN transaction

Common Stock

Tax liability

Transaction value
$135,975
Shares
-34,424
Change %
-8.2%
Price
$3.95
Shares after
387,895
Date
15 Mar 2025
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RBBN transaction Derivative

Performance Stock Units (PSUs)

Options Exercise

Transaction value
$0
Shares
-32,799
Change %
-100%
Price
$0.000000
Shares after
0
Date
15 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
32,799
Exercise price
Footnotes
F1, F2
RBBN transaction Derivative

PSUs

Options Exercise

Transaction value
$0
Shares
-64,308
Change %
-100%
Price
$0.000000
Shares after
0
Date
15 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
64,308
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each Performance Share Unit (PSU) converts into common stock on a one-for-one basis.

Footnote F2

The number of PSUs earned and issued upon vesting was determined based on goals (set by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee") on an annual basis) for each of the three fiscal years ended December 31, 2024. Based on the Compensation Committee's determination of achievement of these pre-established financial goals, 32% and 70% of the shares subject to the 2023 and 2024 financial periods, respectively, were earned and vested on March 15, 2025, and no shares were earned for the 2022 performance period and were forfeited.

Footnote F3

Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the PSUs.

Footnote F4

The number of PSUs earned and issued upon vesting was determined based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of a peer index of companies (set by the Compensation Committee at the time of grant) over the three fiscal years ended December 31, 2024. Based on the Compensation Committee's determination of achievement of the pre-established TSR goal, 100% of the shares subject to the PSU award were earned and vested on March 15, 2025.

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