Eric S. Marmurek - Apr 17, 2024 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
SVP, Finance & CAO
Signature
Patrick Macken, By POA from Rick Marmurek, SVP, CAO
Stock symbol
RBBN
Transactions as of
Apr 17, 2024
Transactions value $
-$57,130
Form type
4
Date filed
4/19/2024, 04:16 PM
Previous filing
Mar 18, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise +46.5K +18.45% 298K Apr 17, 2024 Direct F1
transaction RBBN Common Stock Tax liability -$44.6K -17.1K -5.72% $2.61 281K Apr 17, 2024 Direct F2
transaction RBBN Common Stock Options Exercise +13.4K +4.75% 295K Apr 18, 2024 Direct F1
transaction RBBN Common Stock Tax liability -$12.6K -4.9K -1.66% $2.57 290K Apr 18, 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 (RSUs) Options Exercise $0 -46.5K -50% $0.00 46.5K Apr 17, 2024 Common Stock 46.5K Direct F1, F3
transaction RBBN RSUs Options Exercise $0 -13.4K -33.33% $0.00 26.7K Apr 18, 2024 Common Stock 13.4K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) converts into 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.
F3 The RSUs were granted on April 17, 2023 and vested as to one-half on April 17, 2024; the remaining half of the RSUs vest in two equal installments thereafter on July 17, 2024 and October 17, 2024.
F4 The RSUs were granted on April 18, 2022 and vested as to one-third on April 18, 2023; the remaining two-thirds of the RSUs will vest in four equal semi-annual installments thereafter through April 18, 2025.