Ribbon Communications Insider Sales: 189,610 RBBN Shares Disposed by EVP
Rhea-AI Filing Summary
Dan Redington, EVP, Global Sales of Ribbon Communications Inc. (RBBN), reported three separate open-market sales of the issuer's common stock in early September 2025. The filings show sales of 20,000 shares on 09/04/2025 at a weighted-average price of $4.1626, 155,434 shares on 09/05/2025 at a weighted-average price of $4.0297, and 14,176 shares on 09/08/2025 at $4.02. Aggregate shares sold equal 189,610. The reported beneficial ownership after each sale moved from 169,610 shares to 14,176 shares and then to 0 shares (direct ownership). Footnotes state the first two prices are weighted averages with transaction ranges provided on the form. The Form 4 is signed by a power of attorney, Patrick Macken, dated 09/08/2025.
Positive
- Complete Section 16 disclosure with transaction dates, quantities, and weighted-average prices included
- Explanatory footnotes disclose price ranges and commit to provide detailed per-price counts upon request
- Form signed via POA (Patrick Macken) with a date, indicating attestation of the report
Negative
- Insider sold all reported direct holdings (aggregate 189,610 shares), leaving reported direct ownership at 0
- Large volume of sales relative to the officer's previously reported holdings (decline from 169,610 to 0) which is material information for shareholders
Insights
TL;DR: Senior officer sold 189,610 RBBN shares across three trades in early September 2025; filing discloses weighted-average prices and remaining direct ownership reached zero.
The reported transactions are sizeable in absolute terms: total shares sold were 189,610, executed at weighted-average prices of $4.1626, $4.0297 and $4.02. The Form 4 shows a step-down in direct beneficial ownership from 169,610 to 14,176 and then to 0. For investors, the items of record are the volume sold and confirmed weighted-average pricing ranges disclosed in the footnotes. The filing is complete and includes a POA signature, meeting Section 16 reporting requirements.
TL;DR: Insider compliance appears timely and detailed; the Form 4 includes weighted-average price disclosures and a POA signature dated 09/08/2025.
The Form 4 provides clear transaction codes and explanatory footnotes indicating weighted-average price ranges for the sales, which supports transparency. The filing was executed by a power of attorney, with the signature block indicating proper attestation. From a governance and disclosure perspective, the document contains the necessary elements to satisfy reporting obligations without additional qualifiers.