Vaibhav Agarwal - 15 Feb 2023 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
15 Feb 2023
Net transactions value
-$177,573
Form type
4
Filing time
17 Feb 2023, 19:31:58 UTC
Previous filing
05 Jan 2023
Next filing
22 Feb 2023
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 +2,074 +2.1% $0.000000 101,139 15 Feb 2023 Direct F1
transaction RNG Class A Common Stock Award $0 +2,083 +2.1% $0.000000 103,222 15 Feb 2023 Direct F2
transaction RNG Class A Common Stock Tax liability $74,697 -1,543 -1.5% $48.41 101,679 15 Feb 2023 Direct F3
transaction RNG Class A Common Stock Sale $9,224 -244 -0.24% $37.80 101,435 16 Feb 2023 Direct F4, F5
transaction RNG Class A Common Stock Sale $42,756 -1,100 -1.1% $38.87 100,335 16 Feb 2023 Direct F4, F6
transaction RNG Class A Common Stock Sale $35,697 -900 -0.9% $39.66 99,435 16 Feb 2023 Direct F4, F7
transaction RNG Class A Common Stock Sale $15,200 -370 -0.37% $41.08 99,065 16 Feb 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 These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2022.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.30 to $38.05, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (5) through (7) to this Form 4.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.39 to $39.35, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.39 to $40.26, inclusive.