Vaibhav Agarwal - May 19, 2024 Form 4 Insider Report for RingCentral, Inc. (RNG)

Signature
/s/ Paul Porter, Attorney-in-Fact
Stock symbol
RNG
Transactions as of
May 19, 2024
Transactions value $
-$847,383
Form type
4
Date filed
5/21/2024, 05:32 PM
Previous filing
Apr 3, 2024
Next filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +66.3K +57.36% $0.00 182K May 19, 2024 Direct F1, F2
transaction RNG Class A Common Stock Tax liability -$437K -11.7K -6.45% $37.23 170K May 20, 2024 Direct F3
transaction RNG Class A Common Stock Sale -$362K -10.1K -5.92% $35.92 160K May 21, 2024 Direct F4, F5
transaction RNG Class A Common Stock Sale -$49.2K -1.34K -0.84% $36.71 159K May 21, 2024 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") that will vest in equal quarterly installments over a three year period commencing on May 20, 2024.
F2 Includes 950 shares acquired under the Issuer's Employee Stock Purchase Plan on May 12, 2024.
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 These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.53 to $36.52, 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) through (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 $36.565 to $36.78, inclusive.