Vaibhav Agarwal - 16 Sep 2022 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role
Chief Accounting Officer
Signature
/s/ Paul Porter, Attorney-in-fact
Issuer symbol
RNG
Transactions as of
16 Sep 2022
Net transactions value
$0
Form type
4
Filing time
20 Sep 2022, 16:07:36 UTC
Previous filing
24 Aug 2022
Next filing
17 Nov 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 Disposed to Issuer $0 -35,175 -34% $0.000000 68,531 16 Sep 2022 Direct F1, F2
transaction RNG Class A Common Stock Award $0 +41,984 +61% $0.000000 110,515 16 Sep 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer rescinded Restricted Stock Units ("RSUs") that were granted to the Reporting Person on July 25, 2022. The Issuer replaced the rescinded RSUs with the RSUs reported in the transaction line below.
F2 Represents rescinded RSUs that would have vested and been settled in shares of Class A Common Stock over a two year period as follows: (i) 50% of the RSUs on May 20, 2023 and (ii) the remaining RSUs in equal quarterly installments thereafter.
F3 Represents RSUs that will vest and be settled in shares of Class A Common Stock over a two year period as follows: (i) 25% of the RSUs shall vest on November 20, 2022 and (ii) the remaining RSUs shall vest in equal quarterly installments thereafter.