Sonalee Elizabeth Parekh - May 9, 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 9, 2023
Transactions value $
-$665,162
Form type
4
Date filed
5/23/2023, 07:19 PM
Previous filing
Feb 17, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +26.7K +20.71% $0.00 156K May 9, 2023 Direct F1
transaction RNG Class A Common Stock Award $0 +158K +101.29% $0.00 313K May 19, 2023 Direct F2
transaction RNG Class A Common Stock Tax liability -$665K -21.4K -6.84% $31.02 292K May 20, 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.