RBBN insider update: 34,421 RSUs vested; 13,544 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ribbon Communications (RBBN) reported an insider equity transaction by its President & CEO and Director. On 10/17/2025, 34,421 Restricted Stock Units (RSUs) converted into common stock. To cover taxes on the vesting, 13,544 shares were withheld by the issuer at $3.81 per share. Following these transactions, the reporting person directly owned 1,479,164 common shares.
The RSUs were granted on April 17, 2023, vesting one-third on April 17, 2024, with the remaining two-thirds vesting in four equal semi‑annual installments through April 17, 2026. Derivative holdings reported include 34,420 RSUs beneficially owned after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
34,421 shares exercised/converted
Mixed
3 txns
Insider
McClelland Bruce William
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 34,421 | $0.00 | -- |
| Exercise | Common Stock | 34,421 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,544 | $3.81 | $52K |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 34,420 shares (Direct);
Common Stock — 1,492,708 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit (RSU) converts into common stock on a one-for-one basis. Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting. The RSUs were granted on April 17, 2023 and vested as to one-third on April 17, 2024; the remaining two-thirds of the RSUs vest in four equal semi-annual installments thereafter through April 17, 2026.
FAQ
What did RBBN’s CEO report on Form 4?
On 10/17/2025, 34,421 RSUs converted to common stock, and 13,544 shares were withheld to satisfy tax obligations at $3.81 per share.
What is the vesting schedule of the reported RSUs at RBBN?
Granted on April 17, 2023; one-third vested on April 17, 2024; the remaining two-thirds vest in four equal semi‑annual installments through April 17, 2026.
How many RSUs does the insider still hold at RBBN?
Following the transaction, 34,420 RSUs were beneficially owned.
What roles does the reporting person hold at RBBN?
The reporting person is a Director and serves as President & CEO.