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Insider Buy CEO Buy New Position March 6, 2020

McClelland Bruce William purchased ~$203K in Ribbon Communications Inc. stock

Ribbon Communications Inc. (RBBN)  ·  President & CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+40.5%

vs SPY +5.3%

RBBN price after insider trade by McClelland Bruce William

Insider

McClelland Bruce William

Role

President & CEO

Transaction

Open-Market Purchase

Approx. Value

~$203K

Trade Date

Mar 6, 2020

Company

Ribbon Communications Inc.

Ticker

RBBN

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$203K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

President & CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

+40.5% in 90 days (S&P 500: +5.3%)

This trade beat the S&P 500 by 35.2 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

MB

How good is McClelland Bruce William at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On March 6, 2020, McClelland Bruce William — President & CEO of Ribbon Communications Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$203K in Ribbon Communications Inc. (RBBN) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, RBBN returned +40.5% versus +5.3% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$203K
Insider role President & CEO
90-day return +40.5%
vs S&P 500 +35.2%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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