RingCentral (RNG) CAO sells stock under 10b5-1 plan, remits shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral, Inc. Chief Accounting Officer Tarun Arora reported multiple transactions in Class A Common Stock. On March 3, 2026, he completed two open-market sales: 1,100 shares at $35.435 and 2,623 shares at $36.441, leaving 84,332 shares directly owned afterward. These sales were executed under a Rule 10b5-1 trading plan adopted on March 14, 2025. On March 1, 2026, he also disposed of 8,124 shares at $36.45 in an exempt transaction remitting shares to the company to cover tax withholding on vested restricted stock units, as permitted under Rule 16b-3(e).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,723 shares ($134,563)
Net Sell
3 txns
Insider
Arora Tarun
Role
Chief Accounting Officer
Sold
3,723 shs ($135K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,100 | $35.435 | $39K |
| Sale | Class A Common Stock | 2,623 | $36.441 | $96K |
| Tax Withholding | Class A Common Stock | 8,124 | $36.45 | $296K |
Holdings After Transaction:
Class A Common Stock — 86,955 shares (Direct)
Footnotes (1)
- 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. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.94 to $35.92, 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 ranges set forth in footnotes (3) and (4) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.95 to $36.90, inclusive.
FAQ
What insider transactions did RingCentral (RNG) report for Tarun Arora?
RingCentral reported that Chief Accounting Officer Tarun Arora sold Class A Common Stock and disposed of shares for taxes. He executed two open-market sales and one exempt tax-withholding disposition related to vested restricted stock units during early March 2026.
Were Tarun Arora’s RingCentral (RNG) stock sales under a trading plan?
Yes. The reported open-market sales were executed under a Rule 10b5-1 trading plan. The filing states this plan was adopted by Tarun Arora on March 14, 2025, providing a pre-arranged framework for selling shares according to preset instructions.