RingCentral (RNG) COO takes RSU bonus, surrenders shares for taxes
Rhea-AI Filing Summary
RingCentral, Inc. (RNG) reported insider equity compensation activity for President and COO Kira Makagon. On 2026-08-17, she received 3,437 shares of Class A Common Stock via fully vested RSUs granted under the Key Employee Equity Bonus Plan in lieu of a cash bonus for the second quarter of 2026. On the same date, 1,749 shares were remitted back to RingCentral at $64.07 per share in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding obligations arising from the RSU vesting.
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Insights
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Insider Trade Summary
Net Buyer: 1,688 shares
Net Buy
2 txns
Insider
Makagon Kira
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 3,437 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 1,749 | $64.07 | $112K |
Holdings After Transaction:
Class A Common Stock — 304,052 shares (Direct)
Footnotes (2)
- 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 second quarter of 2026.
- 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.
Key Figures
RSU Shares Granted: 3,437 shares
Shares Withheld for Taxes: 1,749 shares
Tax Withholding Price: $64.07 per share
+1 more
4 metrics
RSU Shares Granted
3,437 shares
Fully vested RSUs granted on 2026-08-17 in lieu of a cash bonus for Q2 2026
Shares Withheld for Taxes
1,749 shares
Remitted to issuer on 2026-08-17 to satisfy tax withholding from RSU vesting
Tax Withholding Price
$64.07 per share
Price applied to the 1,749 shares remitted in exempt disposition under Rule 16b-3(e)
Form 4 Transaction Count
2 transactions
One RSU-based acquisition and one tax-withholding disposition on 2026-08-17
Key Terms
restricted stock units ("RSUs"), Key Employee Equity Bonus Plan, tax withholding obligations, Rule 16b-3(e)
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") that were fully vested as of the grant date"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Key Employee Equity Bonus Plan financial
"These RSUs were granted pursuant to the Issuer's Key Employee Equity Bonus Plan"
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising out of the vesting"
Rule 16b-3(e) regulatory
"In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares"
FAQ
What equity award did RingCentral (RNG) grant to President and COO Kira Makagon?
RingCentral granted Kira Makagon 3,437 RSU-based shares of Class A Common Stock on 2026-08-17, fully vested at grant, under the Key Employee Equity Bonus Plan in lieu of a cash bonus for the second quarter of 2026.
Was Kira Makagon’s RingCentral (RNG) equity grant a new RSU award or a cash bonus?
The award was RSUs granted in lieu of a cash bonus. Fully vested RSUs covering 3,437 shares were granted under the Key Employee Equity Bonus Plan for the second quarter of 2026 instead of paying a cash bonus.
Does the RingCentral (RNG) Form 4 indicate an open-market buy or sell by Kira Makagon?
No open-market buy or sell is reported. The filing shows a fully vested RSU grant of 3,437 shares and an exempt disposition of 1,749 shares to RingCentral solely to satisfy RSU-related tax withholding obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.