Vaibhav Agarwal - 14 Mar 2022 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role
Interim CFO, CAO
Signature
/s/ Bruce P. Johnson, Attorney-in-fact
Issuer symbol
RNG
Transactions as of
14 Mar 2022
Net transactions value
$0
Form type
4
Filing time
16 Mar 2022, 19:58:03 UTC
Previous filing
24 Feb 2022
Next filing
13 May 2022
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 +69,225 +280% $0.000000 93,953 14 Mar 2022 Direct F1
transaction RNG Class A Common Stock Award $0 +1,753 +1.9% $0.000000 95,706 14 Mar 2022 Direct 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") that will vest and be settled in shares of Class A Common Stock over a four year period as follows: (i) 1/8 of the RSUs shall vest on May 20, 2022 and (ii) the remaining RSUs shall vest in equal quarterly installments thereafter.
F2 Represents RSUs that will vest and be settled in shares of Class A Common Stock quarterly over a one year period on each of May 20, August 20, November 20, 2022 and February 20, 2023.