John H. Marlow - 15 Nov 2024 Form 4 Insider Report for RingCentral, Inc. (RNG)

Signature
/s/ John Marlow
Issuer symbol
RNG
Transactions as of
15 Nov 2024
Net transactions value
$0
Form type
4
Filing time
18 Nov 2024, 17:15:05 UTC
Previous filing
23 Aug 2024
Next filing
22 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +3,787 +1% $0.000000 381,102 15 Nov 2024 Direct F1
holding RNG Class A Common Stock 12,080 15 Nov 2024 By Trust F2
holding RNG Class A Common Stock 12,550 15 Nov 2024 By Trusts F3
* 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 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 third quarter of 2024.
F2 Shares held in The M&M Family 2020 Irrevocable Trust. The Reporting Person and his spouse are co-trustees of this trust.
F3 Shares held in trusts for the benefit of the Reporting Person's children. The Reporting Person and his spouse are co-trustees of these trusts.