MACKEN PATRICK W (EVP, CLO & Corp. Sec.) exercised options at RIBBON COMMUNICATIONS INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

MACKEN PATRICK W

Filed: 4/19/2024ACC: 0001062993-24-008597

InsiderMACKEN PATRICK WCIK 1641965

→

IssuerRIBBON COMMUNICATIONS INC.CIK 1708055

Officer· EVP, CLO & Corp. Sec.

Since Jun 2020

-37.20K

Net shares

Net seller

$96.7K

Total sold

Open market trades

0B · 0S

Total transactions

88.95K acquired · 126.16K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+41.31K

Price / share

—

Trade value

—

% of position

24.4%

4/17/2024

169.24K→210.54K

Common Stock

Direct

M · Option Exercise

+26.28K

Price / share

—

Trade value

—

% of position

12.5%

4/17/2024

210.54K→236.82K

Common Stock

Direct

F · Tax Withholding

−28.07K

Price / share

$2.61

Trade value

$73.26K

% of position

11.9%

4/17/2024

236.82K→208.75K

Common Stock

Direct

M · Option Exercise

+21.37K

Price / share

—

Trade value

—

% of position

10.2%

4/18/2024

208.75K→230.12K

Common Stock

Direct

F · Tax Withholding

−9.14K

Price / share

$2.57

Trade value

$23.48K

% of position

4.0%

4/18/2024

230.12K→220.98K

Total

Net shares

+51.75K

Net value

-$96.74K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	4/17/2024	M · Option Exercise	+41.31K	—	—	24.4%	169.24K	210.54K
Common Stock Direct	4/17/2024	M · Option Exercise	+26.28K	—	—	12.5%	210.54K	236.82K
Common Stock Direct	4/17/2024	F · Tax Withholding	−28.07K	$2.61	$73.26K	11.9%	236.82K	208.75K
Common Stock Direct	4/18/2024	M · Option Exercise	+21.37K	—	—	10.2%	208.75K	230.12K
Common Stock Direct	4/18/2024	F · Tax Withholding	−9.14K	$2.57	$23.48K	4.0%	230.12K	220.98K
Total			+51.75K		-$96.74K

Derivative Transactions3

Restricted Stock Units (RSUs)

Direct

M · Option Exercise

Converts to

Common Stock

41.31K shares

−41.31K

Strike price

Held after

82.61K

Exercisable

—

4/17/2024

Performance Share Units (PSUs)

Direct

M · Option Exercise

Converts to

Common Stock

26.28K shares

−26.28K

Strike price

Held after

0.00

Exercisable

—

4/17/2024

RSUs

Direct

M · Option Exercise

Converts to

Common Stock

21.37K shares

−21.37K

Strike price

Held after

42.73K

Exercisable

—

4/18/2024

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units (RSUs) Direct	Common Stock41.31K shares	4/17/2024	M · Option Exercise	−41.31K	—	82.61K
Performance Share Units (PSUs) Direct	Common Stock26.28K shares	4/17/2024	M · Option Exercise	−26.28K	—	0.00
RSUs Direct	Common Stock21.37K shares	4/18/2024	M · Option Exercise	−21.37K	—	42.73K