Sonalee Elizabeth Parekh - Feb 15, 2023 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role
Chief Financial Officer
Signature
/s/ Paul Porter, Attorney-in-Fact
Stock symbol
RNG
Transactions as of
Feb 15, 2023
Transactions value $
-$300,990
Form type
4
Date filed
2/17/2023, 07:29 PM
Previous filing
Jan 5, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +2.27K +1.73% $0.00 134K Feb 15, 2023 Direct F1
transaction RNG Class A Common Stock Award $0 +2.42K +1.81% $0.00 136K Feb 15, 2023 Direct F2
transaction RNG Class A Common Stock Tax liability -$119K -2.45K -1.8% $48.41 134K Feb 15, 2023 Direct F3
transaction RNG Class A Common Stock Sale -$182K -4.94K -3.69% $36.90 129K Feb 17, 2023 Direct F4
* 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 were fully vested as of the grant date. These RSUs represent awards received in lieu of cash salary.
F2 Represents RSUs that were fully vested as of the grant date. These RSUs were granted pursuant to the Issuer's Key Employee Equity Bonus Plan, in lieu of a cash bonus earned for the fourth quarter of 2022.
F3 In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.