[144] RINGCENTRAL, INC. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for RingCentral, Inc. (RNG) discloses a proposed sale of 73,950 shares of Class A common stock through Goldman Sachs & Co. LLC with an aggregate market value of $2,154,903, scheduled approximately for 08/21/2025 on the NYSE.

The filing lists acquisition details showing the shares were received as restricted stock units (compensation) from the issuer on multiple dates (notably 04/01/2022; 05/19/2023; 05/19/2024; and 08/20/2025) with specific unit counts identified for each grant.

Separately, the filing reports insider sales by Vladimir Shmunis during May 2025 totaling 149,855 shares sold on 05/21/2025 and 05/22/2025 for combined gross proceeds of $3,973,597.87. The notice includes the standard signature representation regarding possession of material nonpublic information.

Positive

• Clear compliance with Rule 144 filing requirements showing broker, share count, market value, and approximate sale date
• Acquisition history disclosed (restricted stock units with specific grant dates), improving transparency about the source of shares

Negative

• Significant insider selling reported: 149,855 shares sold in May 2025 for aggregate gross proceeds of $3,973,597.87, which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Routine insider Form 144 disclosing planned sale and recent material insider sales; no new operational data.

The filing is a standard Rule 144 notice showing a proposed sale of 73,950 Class A shares via Goldman Sachs with an aggregate market value of $2,154,903 and an approximate sale date of 08/21/2025. Acquisition rows indicate the shares originated from restricted stock units issued by the company on multiple dates, which supports that these are insider-held compensatory awards becoming eligible for sale. Recent executed insider transactions by Vladimir Shmunis in May 2025 total 149,855 shares for $3,973,597.87 in gross proceeds. From a market-impact perspective, the filing documents insider liquidity but does not present new financial results or corporate actions.

Corporate Governance Expert

TL;DR: Disclosure reflects compliance with Rule 144 and documents significant insider selling activity without indicating undisclosed material information.

The notice includes explicit acquisition dates and the compensatory nature of the holdings, which aids transparency about the origin of the shares offered for sale. The presence of substantial insider sales in May 2025 (149,855 shares, $3,973,597.87) is material to shareholders evaluating insider trading activity but the filing contains no allegations, plans, or other governance changes. The signature attestation reiterates that the signer asserts no undisclosed material adverse information exists at the time of filing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	73950	2154903	80738182	08/21/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	04/01/2022	Acquired as compensation -- Restricted Stock Units	Issuer			4791	04/01/2022	Compensation
Class A Common Stock	05/19/2024	Acquired as compensation -- Restricted Stock Units	Issuer			11313	05/19/2024	Compensation
Class A Common Stock	05/19/2023	Acquired as compensation -- Restricted Stock Units	Issuer			12797	05/19/2023	Compensation
Class A Common Stock	08/20/2025	Acquired as compensation -- Restricted Stock Units	Issuer			2443	08/20/2025	Compensation
Class A Common Stock	08/20/2025	Acquired as compensation -- Restricted Stock Units	Issuer			15588	08/20/2025	Compensation
Class A Common Stock	05/19/2023	Acquired as compensation -- Restricted Stock Units	Issuer			15756	05/19/2023	Compensation
Class A Common Stock	05/19/2024	Acquired as compensation -- Restricted Stock Units	Issuer			11262	05/19/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Vladimir Shmunis 20 Davis Drive Belmont CA 94002	Class A Common Stock	05/21/2025	94956	2522040.86
Vladimir Shmunis 20 Davis Drive Belmont CA 94002	Class A Common Stock	05/22/2025	54899	1451557.01

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does the Form 144 for RingCentral (RNG) propose to sell?

The notice proposes selling 73,950 shares of Class A common stock with an aggregate market value of $2,154,903 via Goldman Sachs, approximately on 08/21/2025.

Who is the broker named in the Form 144 filing for RNG?

The broker listed is Goldman Sachs & Co. LLC located at 200 West Street, New York, NY 10282.

What is the origin of the shares to be sold under this Form 144?

The shares were acquired as restricted stock units (compensation) from the issuer on multiple dates, including 04/01/2022, 05/19/2023, 05/19/2024, and 08/20/2025.

Have there been recent insider sales by RingCentral insiders?

Yes. Vladimir Shmunis sold 94,956 shares on 05/21/2025 and 54,899 shares on 05/22/2025, totaling 149,855 shares for gross proceeds of $3,973,597.87.

Does the Form 144 indicate any undisclosed material information?

By signing the notice, the person represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.