Mair Scott 4

What Happened

• Mair Scott, a director of Ribbon Communications (RBBN), had derivative awards convert and reported a same‑day disposition, and she was also granted new RSUs.
• On 2026-06-16 the filing reports an exercise/conversion of derivative securities converting 67,500 units into shares and a same‑day disposition of 67,500 shares (both reported with $0.00 per‑share value). On 2026-06-15 she was reported as acquiring 63,197 RSUs at $0.00 (derivative award).
• The filing shows no cash proceeds reported for the 67,500‑share disposition. Conversions/dispositions of vested RSUs are common for tax withholding or net settlement, but the form itself reports only the counts and $0 values.

Key Details

• Transactions reported: 2026-06-15 grant/award (A) of 63,197 RSUs @ $0.00; 2026-06-16 conversion/exercise (M) of 67,500 shares and disposition (M) of 67,500 shares @ $0.00.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes of the filing:
  • F1: Each RSU represents a contingent right to one common share.
  • F2: The 63,197 RSUs will vest on June 15, 2027 subject to continued service (with accelerated vesting if a certain board election event occurs).
  • F3: The RSUs that converted on June 16, 2026 were originally awarded June 16, 2025 and vested in full on June 16, 2026.
• Filing date: 2026-06-17 (reporting period 2026-06-15). This appears to be a timely Form 4 (not flagged as late).

Context

• These entries reflect RSU activity (derivative awards converting to shares and a contemporaneous disposition). When vested RSUs are converted and shown with a $0.00 disposition, it commonly reflects net‑settlement or shares withheld for taxes rather than an open‑market cash sale; the Form 4 here reports counts and zero cash value only.
• Grants (the 63,197 RSUs) are generally a compensation award and not a buy signal; purchases would be more direct evidence of insider bullishness.