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Ribbon Communications Inc.·4

Jun 17, 4:40 PM ET

GRAYSON BRUNS H 4

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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).