Patrick Macken - 19 Jun 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CLO & Secretary
Signature
Patrick Macken
Issuer symbol
RBBN
Transactions as of
19 Jun 2023
Net transactions value
-$28,647
Form type
4
Filing time
20 Jun 2023, 16:10:25 UTC
Previous filing
19 Apr 2023
Next filing
19 Sep 2023
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 $0 +25,000 +17% $0.000000 173,653 19 Jun 2023 Direct F1
transaction RBBN Common Stock Tax liability $28,647 -10,087 -5.8% $2.84 163,566 19 Jun 2023 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 -25,000 -100% $0.000000* 0 19 Jun 2023 Common Stock 25,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert to 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 of the RSUs.
F3 The RSUs vested as to one-third on June 19, 2021 and the remaining two-thirds of the RSUs vested in four equal semi-annual installments thereafter through June 19, 2023.