Vaibhav Agarwal - Nov 15, 2024 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role
DEPUTY CHIEF FINANCIAL OFFICER
Signature
/s/ John Marlow, Attorney-in-Fact
Stock symbol
RNG
Transactions as of
Nov 15, 2024
Transactions value $
-$156,970
Form type
4
Date filed
11/18/2024, 05:15 PM
Previous filing
Oct 2, 2024
Next filing
Nov 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +4.42K +3.26% $0.00 140K Nov 15, 2024 Direct F1
transaction RNG Class A Common Stock Tax liability -$80.1K -2.24K -1.6% $35.78 138K Nov 15, 2024 Direct F2
transaction RNG Class A Common Stock Sale -$76.8K -2.18K -1.58% $35.27 136K Nov 18, 2024 Direct F3, F4
* 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 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.
F3 These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.968 to $35.55, 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 range set forth in this footnote (4) to this Form 4.