Praful Shah - 02 Sep 2021 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role
Chief Strategy Officer
Signature
/s/ Bruce P. Johnson, Attorney-in-fact
Issuer symbol
RNG
Transactions as of
02 Sep 2021
Net transactions value
$0
Form type
4
Filing time
03 Sep 2021, 16:50:47 UTC
Previous filing
24 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +13,995 +7.1% $0.000000 210,732 02 Sep 2021 Direct F1
holding RNG Class A Common Stock 49,628 02 Sep 2021 See footnote F2
holding RNG Class A Common Stock 49,628 02 Sep 2021 See footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") received pursuant to the terms of that certain Non-Competition Agreement ("Agreement") dated September 2, 2021 by and between the Reporting Person and the Issuer. The RSUs will vest and be settled in shares of Class A Common Stock on August 20, 2022, and such vesting is conditional on compliance with the Agreement.
F2 Shares held in a trust for the benefit of the Reporting Person's children. The Reporting Person and his spouse are co-trustees of this trust.