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

Role
Chief Financial Officer
Signature
/s/ Paul Porter, Attorney-in-Fact
Issuer symbol
RNG
Transactions as of
15 May 2023
Net transactions value
-$234,472
Form type
4
Filing time
17 May 2023, 19:00:37 UTC
Previous filing
23 May 2023
Next filing
13 Jun 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 +3,874 +3% $0.000000 132,879 15 May 2023 Direct F1
transaction RNG Class A Common Stock Award $0 +4,556 +3.4% $0.000000 137,435 15 May 2023 Direct F2
transaction RNG Class A Common Stock Tax liability $118,712 -4,180 -3% $28.40 133,255 15 May 2023 Direct F3
transaction RNG Class A Common Stock Sale $107,337 -3,950 -3% $27.17 129,305 16 May 2023 Direct F4, F5
transaction RNG Class A Common Stock Sale $8,423 -300 -0.23% $28.08 129,005 16 May 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.