RBBN insider files Form 144 to sell 20,000 restricted shares on NASDAQ

Rhea-AI Filing Summary

Ribbon Communications Inc. (RBBN) filed a Form 144 reporting a proposed sale of 20,000 shares of Common stock, with an aggregate market value of $83,252.00. The shares represent restricted stock originally acquired from the issuer on 12/15/2023, and the filing indicates payment was completed on that acquisition date. The sale is planned to occur approximately on 09/04/2025 on the NASDAQ. The issuer has 177,081,847 shares outstanding. The filer reports no securities sold by the account in the past three months and includes the standard attestation that no undisclosed material adverse information is known.

Positive

• Timely regulatory disclosure of the intended sale under Rule 144
• Securities were acquired from the issuer as restricted stock, with payment completed on the acquisition date
• No sales in the past three months, simplifying aggregation concerns under Rule 144(e)

Negative

• Sale reduces insider ownership through monetization of restricted shares
• Aggregate value is disclosed but represents a very small fraction of outstanding shares, offering limited market transparency impact

Insights

Financial Analyst

TL;DR: Routine insider notice for planned sale of restricted stock representing a very small portion of outstanding shares.

The Form 144 shows a planned disposition of 20,000 shares valued at $83,252, derived from restricted stock granted on 12/15/2023. Relative to the 177.08 million shares outstanding, this is a de minimis amount (<0.012%). There are no reported sales in the prior three months, and the filing contains the standard attestation about material nonpublic information. This filing is procedural and unlikely to move markets; it mainly notifies regulators and investors of an intended sale under Rule 144.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements and indicates insider monetization of previously restricted grants.

The notice documents that the securities were acquired as restricted stock from the issuer and that consideration was settled on the acquisition date. The presence of a Form 144 suggests the holder is complying with resale rules for restricted shares. The filing contains the required attestation and shows no recent sales, which helps preserve transparency around insider transactions. From a governance perspective, this is a routine compliance disclosure rather than an indicator of governance issues.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	20000	83252.00	177081847	09/04/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/15/2023	Restricted Stock	Issuer			20000	12/15/2023	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Ribbon Communications (RBBN) report on this Form 144?

The filing reports a proposed sale of 20,000 common shares with an aggregate market value of $83,252, to be sold approximately on 09/04/2025 on the NASDAQ.

When and how were the shares acquired that are being sold?

The shares were acquired as restricted stock from the issuer on 12/15/2023 and payment was completed on that date.

How large is the proposed sale relative to Ribbon's outstanding shares?

The issuer reports 177,081,847 shares outstanding; the proposed 20,000 shares are a very small percentage of that total.

Has the filer sold any Ribbon (RBBN) securities in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

On which exchange will the sale occur?

The Form 144 specifies the sale is expected to occur on the NASDAQ.