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Vistance Networks (COMM) SVP logs tax share withholding and new RSU award

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Vistance Networks, Inc. senior executive Giordano Bartolomeo reported routine equity compensation-related transactions in company common stock. On June 1, 2026, 100,442 shares were disposed of through a tax-withholding disposition at an indicated price of $12.27 per share to cover taxes on vesting restricted and performance share units.

The same day, he acquired 16,300 shares at no cost through a grant or award of restricted stock units that are scheduled to vest on June 1, 2027, subject to continued employment. Following these transactions, Bartolomeo beneficially owned 564,921 shares of common stock directly, indicating that a substantial equity position remains after the tax-related share withholding.

Positive

  • None.

Negative

  • None.
Insider Giordano Bartolomeo
Role SVP & Pres., RUCKUS Networks
Type Security Shares Price Value
Grant/Award Common Stock 16,300 $0.00 --
Tax Withholding Common Stock 100,442 $12.27 $1.23M
Holdings After Transaction: Common Stock — 564,921 shares (Direct, null)
Footnotes (1)
  1. Reflects restricted stock units that will vest on 06/01/2027, subject to the reporting person's continued employment with the issuer. As previously reported, includes (a) 26,400 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 53,600 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 63,000 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
Tax-withheld shares 100,442 shares Shares withheld for taxes on vesting equity as of June 1, 2026
Indicated tax-withholding price $12.27 per share Price associated with 100,442-share tax-withholding disposition
New RSU award 16,300 shares Restricted stock units granted June 1, 2026, vesting June 1, 2027
Post-transaction holdings 564,921 shares Common stock beneficially owned directly after Form 4 transactions
restricted stock units financial
"Reflects restricted stock units that will vest on 06/01/2027, subject to the reporting person's continued employment with the issuer."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance share units financial
"Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units."
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Giordano Bartolomeo
(Last)(First)(Middle)
C/O VISTANCE NETWORKS, INC.
2601 TELECOM PARKWAY
(Street)
RICHARDSON TEXAS 75082
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Vistance Networks, Inc. [ VISN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP & Pres., RUCKUS Networks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A16,300(1)A$0564,921(2)D
Common Stock06/01/2026F100,442(3)D$12.27464,479(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects restricted stock units that will vest on 06/01/2027, subject to the reporting person's continued employment with the issuer.
2. As previously reported, includes (a) 26,400 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 53,600 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 63,000 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer.
3. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
/s/ Michael D. Coppin, Under a Power of Attorney06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Vistance Networks (COMM) report for Giordano Bartolomeo?

Giordano Bartolomeo reported two transactions on June 1, 2026: a tax-withholding disposition of 100,442 common shares at $12.27 per share and a grant of 16,300 restricted stock units at no cost as part of his equity compensation.

Were the Vistance Networks (COMM) insider share disposals open-market sales?

The reported 100,442-share disposition by Giordano Bartolomeo was a tax-withholding event, not an open-market sale. Shares were withheld to cover taxes from vesting restricted and performance share units, a common administrative mechanism rather than a discretionary sale decision.

How many Vistance Networks (COMM) shares does Giordano Bartolomeo hold after these transactions?

After the June 1, 2026 transactions, Giordano Bartolomeo beneficially owned 564,921 shares of Vistance Networks common stock directly. This total reflects his remaining position after tax-withholding share disposals and the addition of newly granted restricted stock units.

What equity award did Giordano Bartolomeo receive from Vistance Networks (COMM)?

He received an award of 16,300 restricted stock units on June 1, 2026 at no purchase price. These units are scheduled to vest on June 1, 2027, subject to his continued employment with Vistance Networks as noted in the filing footnotes.

Why did Vistance Networks (COMM) withhold 100,442 shares from Giordano Bartolomeo?

The 100,442 shares were withheld to satisfy taxes triggered by the vesting of restricted stock units and performance share units. Instead of paying cash for the tax liability, shares were retained by the issuer, which reduced his share count without an open-market sale.

Do the Vistance Networks (COMM) insider transactions indicate a change in investment outlook?

The filing reflects routine compensation and tax-withholding activity, not discretionary buying or selling. Shares were granted as equity awards and withheld for taxes, while Bartolomeo continues to hold a substantial position, so the transactions appear administrative rather than sentiment-driven.