Mohammed Katibeh - 09 May 2023 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role
President and COO
Signature
/s/ Paul Porter, Attorney-in-Fact
Issuer symbol
RNG
Transactions as of
09 May 2023
Net transactions value
-$422,523
Form type
4
Filing time
23 May 2023, 19:18:29 UTC
Previous filing
22 Feb 2023
Next filing
17 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 +26,713 +23% $0.000000 142,113 09 May 2023 Direct F1
transaction RNG Class A Common Stock Award $0 +202,796 +143% $0.000000 344,909 19 May 2023 Direct F2
transaction RNG Class A Common Stock Tax liability $422,523 -13,621 -3.9% $31.02 331,288 20 May 2023 Direct F3
* 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 vest as follows: (1) 25% of the RSUs on February 20, 2023, and (ii) 1/16 of the remaining RSUs will vest quarterly thereafter.
F2 Represents RSUs that vest as follows: (1) 17,550 RSUs on May 20, 2023, and (ii) 1/15 of the remaining RSUs will vest quarterly thereafter.
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.