Justin K. Ferguson

RBBN

EVP AND GENERAL COUNSEL · RIBBON COMMUNICATIONS INC. · CIK 0001655819

FILING MIX · LIFETIME50%/50%

BUYS

SELLS

TOTAL VALUE

$32.7K

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

46,897

AVG SELL PX

$3.58

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Justin K. Ferguson, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+0.00%	+1.55%	-1.00%	+2.55%	+2.55%	—
14d	2	+50.00%	+11.60%	+2.08%	+9.53%	+9.53%	—
30d	2	+50.00%	+6.89%	+3.13%	+3.76%	+3.76%	—
60d	2	+0.00%	+29.59%	+9.46%	+20.14%	+20.14%	—
90d	2	+0.00%	+22.55%	+12.73%	+9.81%	+9.81%	—
180d	2	+0.00%	+48.04%	+22.25%	+25.79%	+25.79%	—
1y	2	+0.00%	+149.42%	+44.74%	+104.68%	+104.68%	—
2y	2	+50.00%	-10.64%	+41.43%	-52.07%	-52.07%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

RBBN · 46,897 shares · as of Jun 17, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 3 buys / 3 sellsCOVERAGE · 2 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
RBBN RIBBON COMMUNICATIONS INC.	SALE EVP and General Counsel	6,194	$3.92	$24.3K	85,436	Jun 17, 2020	Jun 19, 2020 ↗
RBBN RIBBON COMMUNICATIONS INC.	PURCHASE EVP and General Counsel	23,450	—	—	91,630	Jun 17, 2020	Jun 19, 2020 ↗
RBBN RIBBON COMMUNICATIONS INC.	SALE EVP and General Counsel	23,450	—	—	46,897	Jun 17, 2020	Jun 19, 2020 ↗
RBBN RIBBON COMMUNICATIONS INC.	SALE EVP and General Counsel	2,959	$2.85	$8.4K	68,180	Apr 16, 2020	Apr 17, 2020 ↗
RBBN RIBBON COMMUNICATIONS INC.	PURCHASEGRANT Stock grant	150,463	—	—	150,463	Mar 16, 2020	Mar 18, 2020 ↗
RBBN RIBBON COMMUNICATIONS INC.	PURCHASEGRANT Stock grant	3,797	—	—	3,797	Feb 28, 2020	Mar 3, 2020 ↗

Other insiders · RBBN

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About this filer

CIK 0001655819

ROLE

EVP and General Counsel

PRIMARY

RBBN

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001655819DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Justin K. Ferguson

The morning brief, before the bell.