Swarth Investments Ltd. - Aug 16, 2022 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role: 10%+ Owner
Signature: /s/ Suzanne Hart, Nicholas Moss - Directors
Stock symbol: RBBN
Transactions as of: Aug 16, 2022
Transactions value $: $4,999,999
Form type: 4
Date filed: 8/18/2022, 11:52 AM
Next filing: Apr 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RBBN	Common Stock	Purchase	$5M	+1.64M	+6.35%	$3.05	27.4M	Aug 16, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 12, 2022, the Reporting Person and the Issuer entered into a Securities Purchase Agreement (the "Purchase Agreement") among the Reporting Person, the Issuer and the other parties listed on the signature pages thereto, pursuant to which the Issuer issued, in the aggregate, 17,071,311 shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") in a private placement transaction. Of the 17,071,311 shares of Common Stock issued under the Purchase Agreement, the Reporting Person acquired 1,639,344 shares of Common Stock. The transactions contemplated by the Purchase Agreement closed on August 16, 2022, at which time the Common Stock was issued to the Reporting Person and the other purchasers.

Content

On August 12, 2022, the Reporting Person and the Issuer entered into a Securities Purchase Agreement (the "Purchase Agreement") among the Reporting Person, the Issuer and the other parties listed on the signature pages thereto, pursuant to which the Issuer issued, in the aggregate, 17,071,311 shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") in a private placement transaction. Of the 17,071,311 shares of Common Stock issued under the Purchase Agreement, the Reporting Person acquired 1,639,344 shares of Common Stock. The transactions contemplated by the Purchase Agreement closed on August 16, 2022, at which time the Common Stock was issued to the Reporting Person and the other purchasers.