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

Role
Chief Accounting Officer
Signature
/s/ Paul Porter, Attorney-in-fact
Stock symbol
RNG
Transactions as of
Sep 16, 2022
Transactions value $
$0
Form type
4
Date filed
9/20/2022, 04:07 PM
Previous filing
Aug 24, 2022
Next filing
Nov 17, 2022

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 -35.2K -33.92% $0.00 68.5K Sep 16, 2022 Direct F1, F2
transaction RNG Class A Common Stock Award $0 +42K +61.26% $0.00 111K Sep 16, 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F1 The Issuer rescinded Restricted Stock Units ("RSUs") that were granted to the Reporting Person on July 25, 2022. The Issuer replaced the rescinded RSUs with the RSUs reported in the transaction line below.
F2 Represents rescinded RSUs that would have vested and been settled in shares of Class A Common Stock over a two year period as follows: (i) 50% of the RSUs on May 20, 2023 and (ii)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.