Sonalee Elizabeth Parekh - May 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
May 15, 2023
Transactions value $
-$234,472
Form type
4
Date filed
5/17/2023, 07:00 PM
Previous filing
May 23, 2023
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +3.87K +3% $0.00 133K May 15, 2023 Direct F1
transaction RNG Class A Common Stock Award $0 +4.56K +3.43% $0.00 137K May 15, 2023 Direct F2
transaction RNG Class A Common Stock Tax liability -$119K -4.18K -3.04% $28.40 133K May 15, 2023 Direct F3
transaction RNG Class A Common Stock Sale -$107K -3.95K -2.96% $27.17 129K May 16, 2023 Direct F4, F5
transaction RNG Class A Common Stock Sale -$8.42K -300 -0.23% $28.08 129K May 16, 2023 Direct F4, F6
* 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 first quarter of 2023.
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 on August 5, 2022.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.81 to $27.68, 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) and (6) 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 $27.94 to $28.20, inclusive.