Sonalee Elizabeth Parekh - 09 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
09 May 2023
Net transactions value
-$665,162
Form type
4
Filing time
23 May 2023, 19:19:10 UTC
Previous filing
17 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 +21% $0.000000 155,718 09 May 2023 Direct F1
transaction RNG Class A Common Stock Award $0 +157,730 +101% $0.000000 313,448 19 May 2023 Direct F2
transaction RNG Class A Common Stock Tax liability $665,162 -21,443 -6.8% $31.02 292,005 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 May 20, 2023, and (ii) 1/16 of the remaining RSUs will vest quarterly thereafter.
F2 Represents RSUs that will vest in equal quarterly installments over a four year period commencing on May 20, 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.