Kira Makagon - 20 Feb 2025 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role: President and COO
Signature: /s/ Ashley Ta, Attorney-in-fact
Issuer symbol: RNG
Transactions as of: 20 Feb 2025
Net transactions value: -$721,550
Form type: 4
Filing time: 24 Feb 2025, 17:05:09 UTC
Previous filing: 24 Feb 2025
Next filing: 12 May 2025
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	+127,648	+93%	$0.000000	265,397	20 Feb 2025	Direct	F1
transaction	RNG	Class A Common Stock	Tax liability	$721,550	-24,924	-9.4%	$28.95	240,473	21 Feb 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents performance-based restricted stock units ("PSUs"). The number of shares reported is the above-target achievement of certain performance goals, as certified by the Issuer's Compensation Committee on February 20, 2025, with respect to performance awards granted to the Reporting Person on May 19, 2024. 1/3 of the PSUs subject to this award vested on February 20, 2025; and 1/12th of the remaining PSUs shall vest in equal quarterly increments thereafter.
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 restricted stock units ("RSUs").

Content

Represents performance-based restricted stock units ("PSUs"). The number of shares reported is the above-target achievement of certain performance goals, as certified by the Issuer's Compensation Committee on February 20, 2025, with respect to performance awards granted to the Reporting Person on May 19, 2024. 1/3 of the PSUs subject to this award vested on February 20, 2025; and 1/12th of the remaining PSUs shall vest in equal quarterly increments thereafter.

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 restricted stock units ("RSUs").