GRAYSON BRUNS H 4
4 · Ribbon Communications Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Ribbon (RBBN) Director Grayson Bruns Receives Award & Converts RSUs
What Happened
Grayson Bruns, a director of Ribbon Communications (RBBN), received a grant of 63,197 restricted stock units (RSUs) reported 2026-06-15 (award code A). Separately, RSUs that vested were converted into common shares on 2026-06-16 (transaction code M) for 42,500 shares; the filing also shows 42,500 shares disposed for $0.00 on 2026-06-16 (reported as a conversion/disposition). The award entry is recorded at $0.00 (derivative award); no cash sale proceeds or market sale price are reported for the disposed shares.
Key Details
- Transaction dates: Grant recorded 2026-06-15; RSU conversion and disposition recorded 2026-06-16. Filing date: 2026-06-17 (timely).
- Quantities/prices: 63,197 RSUs awarded @ $0.00; 42,500 RSUs converted to shares (Acquired) and 42,500 shares disposed @ $0.00 (Derivative). No dollar value for the award or conversion is given in the filing.
- Shares owned after the transactions: Not disclosed in this Form 4.
- Footnotes of note:
- F1: Each RSU equals a contingent right to one share.
- F2: The 63,197 RSUs (award dated 6/15/2026) vest on June 15, 2027 subject to continued service (or earlier vesting if director leaves after the 2027 annual meeting under described conditions).
- F3: A prior RSU award dated 6/16/2025 vested in full on 6/16/2026 (this appears tied to the conversion recorded 6/16/2026).
- No 10b5-1 plan, late filing, or additional plan details are disclosed in this Form 4.
Context
- RSU award (code A) is a non-cash grant of future shares; vesting is typically subject to service or other conditions. The conversion (code M) indicates vested RSUs were turned into shares. The $0.00 disposition commonly reflects shares surrendered to satisfy tax-withholding obligations rather than an open-market sale—this is routine and not the same signal as a cash sale.
- These filings are informational; awards show potential future share issuance if vesting conditions are met, while conversions and share surrenders often reflect standard administrative actions (vesting and tax withholding).
Insider Transaction Report
Form 4
GRAYSON BRUNS H
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-16+42,500→ 825,847 total - Award
Restricted Stock Units (RSUs)
[F1][F2]2026-06-15+63,197→ 63,197 total→ Common Stock (63,197 underlying) - Exercise/Conversion
RSUs
[F1][F3]2026-06-16−42,500→ 0 total→ Common Stock (42,500 underlying)
Footnotes (3)
- [F1]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs will vest on June 15, 2027, subject to the Reporting Person's continued service with the Issuer through such date; provided, however, that if the Issuer's 2027 Annual Meeting of Stockholders (the "2027 Annual Meeting") occurs prior to June 15, 2027, and, at such 2027 Annual Meeting, the Reporting Person either chooses not to stand for re-election to the Issuer's Board of Directors or, after standing for re-election, is not re-elected, then these RSUs will vest as of the date of the 2027 Annual Meeting.
- [F3]The RSUs were awarded on June 16, 2025 and vested in full on June 16, 2026.
Signature
Patrick Macken, By POA from Bruns Grayson, Director|2026-06-17