Vladimir Shmunis - Dec 29, 2022 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role: CEO & Chairman, Director
Signature: /s/ Paul Porter, attorney-in-fact for Vladimir Shmunis
Stock symbol: RNG
Transactions as of: Dec 29, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/3/2023, 03:15 PM
Previous filing: Dec 16, 2022
Next filing: May 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RNG	Class A Common Stock	Conversion of derivative security	$0	+35K		$0.00	35K	Dec 29, 2022	By ELCA Fund I, L.P.	F1, F2
transaction	RNG	Class A Common Stoc	Gift	$0	-35K	-100%	$0.00^*	0	Dec 29, 2022	By ELCA Fund I, L.P.	F2
holding	RNG	Class A Common Stock						241K	Dec 29, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RNG	Class B Common Stock	Conversion of derivative security	$0	-35K	-0.64%	$0.00	5.46M	Dec 29, 2022	Class A Common Stock	35K		By ELCA Fund I, L.P.	F1, F2, F3
holding	RNG	Class B Common Stock						5.93K	Dec 29, 2022	Class A Common Stock	5.93K		By ELCA Fund II, L.P.	F2, F3
holding	RNG	Class B Common Stock						5.93K	Dec 29, 2022	Class A Common Stock	5.93K		By ELCA Fund III, L.P.	F2, F3
holding	RNG	Class B Common Stock						1.39K	Dec 29, 2022	Class A Common Stock	1.39K		By ELCA, LLC	F2, F3
holding	RNG	Class B Common Stock						1.27K	Dec 29, 2022	Class A Common Stock	1.27K		By Trust	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
F2	Vladimir Shmunis and Sandra Shmunis are the managing members of ELCA, LLC. ELCA, LLC is the general partner of ELCA Fund I, L.P., ELCA Fund II, L.P., and ELCA Fund III, L.P. By virtue of this relationship, Mr. Shmunis and Mrs. Shmunis may be deemed to share voting and dispositive power with respect to the shares held by ELCA Fund I, L.P., and certain of the shares held by ELCA Fund II, L.P. and ELCA Fund III, L.P. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3	Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.
F4	Shares are held by the Shmunis Revocable Trust dated June 9, 1998, as amended, for which Vladimir Shmunis and Sandra Shmunis are trustees and beneficiaries.