Miguel A. Lopez - Jul 17, 2024 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CFO
Signature
Patrick Macken, By POA from Miguel Lopez
Stock symbol
RBBN
Transactions as of
Jul 17, 2024
Transactions value $
-$59,424
Form type
4
Date filed
7/18/2024, 05:44 PM
Previous filing
Apr 19, 2024
Next filing
Oct 21, 2024
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 +38.7K +9.84% 432K Jul 17, 2024 Direct F1
transaction RBBN Common Stock Tax liability -$59.4K -15.2K -3.52% $3.90 417K Jul 17, 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 (RSU) Options Exercise $0 -38.7K -50% $0.00 38.7K Jul 17, 2024 Common Stock 38.7K 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 RSUs.
F3 The RSUs were granted on April 17, 2023, vested as to one-third on April 17, 2024 and the remaining RSUs will vest on October 17, 2024.