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

Role
DEPUTY CHIEF FINANCIAL OFFICER
Signature
/s/ John Marlow, Attorney-in-fact
Issuer symbol
RNG
Transactions as of
20 Feb 2025
Net transactions value
-$592,846
Form type
4
Filing time
24 Feb 2025, 17:07:23 UTC
Previous filing
22 Nov 2024
Next filing
04 Mar 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 +4,060 +3.5% $0.000000 120,366 20 Feb 2025 Direct F1
transaction RNG Class A Common Stock Award $0 +44,008 +37% $0.000000 164,374 20 Feb 2025 Direct F2
transaction RNG Class A Common Stock Tax liability $592,846 -19,267 -12% $30.77 145,107 20 Feb 2025 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 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 fourth quarter of 2024.
F2 Represents performance-based restricted stock units ("PSUs"). The number of shares reported is the 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. 1/2 of the PSUs subject to this award vested on February 20, 2025; and 1/8th of the PSUs shall vest in equal quarterly increments thereafter.
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.