Vaibhav Agarwal - 15 May 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 May 2023
Net transactions value
-$105,364
Form type
4
Filing time
17 May 2023, 19:04:25 UTC
Previous filing
22 Feb 2023
Next filing
23 May 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 +3,535 +3.9% $0.000000 94,181 15 May 2023 Direct F1, F2
transaction RNG Class A Common Stock Award $0 +3,947 +4.2% $0.000000 98,128 15 May 2023 Direct F3
transaction RNG Class A Common Stock Tax liability $105,364 -3,710 -3.8% $28.40 94,418 15 May 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 Includes 434 shares acquired under the Issuer's Employee Stock Purchase Plan on May 12, 2023.
F3 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.
F4 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.