INFANTE BEATRIZ V 4

What Happened

• Beatriz V. Infante, a director of Ribbon Communications (RBBN), reported the vesting/conversion of RSUs and related share disposition. The filing shows a grant/award of 63,197 RSUs (reported as acquired on 2026-06-15) and the conversion/exercise of derivative awards on 2026-06-16 that resulted in both an acquisition and a disposition of 42,500 shares.
• No cash proceeds are reported for the disposed shares (disposed at $0.00). This event is compensation-related (RSU vesting/conversion), not an open-market buy or cash sale.

Key Details

• Transaction dates and types:
  • 2026-06-15: Grant/award reported — 63,197 RSUs acquired @ $0.00 (derivative).
  • 2026-06-16: Conversion/exercise of derivative — 42,500 shares acquired (reported N/A for price).
  • 2026-06-16: Conversion/exercise of derivative — 42,500 shares disposed @ $0.00 (derivative).
• Net shares from the reported activity: 63,197 RSUs converted; 42,500 shares were disposed, leaving a net 20,697 shares retained from this conversion (calculation based on reported amounts; the filing does not explicitly list total post-transaction holdings).
• Footnotes:
  • F1: Each RSU converts into one share of common stock.
  • F3: These RSUs were awarded on June 16, 2025 and vested in full on June 16, 2026.
  • F2 describes a different RSU grant with a later vesting schedule (June 15, 2027) and service condition.
• Filing timeliness: The filing does not indicate a late filing.

Context

• RSU vesting and conversion is a compensation event; conversions often generate tax obligations. Disposals recorded at $0 typically reflect shares withheld or surrendered to satisfy tax withholding or net-settlement rather than an open-market sale. Such events are not direct bullish/bearish market signals like purchases or open-market sales.
• For retail investors, purchases are usually more informative of insider sentiment. This filing documents routine compensation vesting and conversion for a director.