RingCentral (NYSE: RNG) COO delivers shares to cover RSU taxes
Rhea-AI Filing Summary
RingCentral, Inc. (RNG) reported an insider tax-related share disposition by President and COO Kira Makagon. On 2026-08-20, Makagon remitted 9,222 shares of Class A common stock to RingCentral at $65.58 per share to satisfy tax withholding obligations from vesting Restricted Stock Units, in an exempt transaction under Rule 16b-3(e). After this withholding, Makagon directly held 294,830 shares of RingCentral Class A common stock.
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Insights
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Insider Trade Summary
Net Seller: 9,222 shares
Net Sell
1 txn
Insider
Makagon Kira
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 9,222 | $65.58 | $605K |
Holdings After Transaction:
Class A Common Stock — 294,830 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Shares remitted for tax withholding: 9,222 shares
Transaction price per share: $65.58 per share
Shares held after transaction: 294,830 shares
+1 more
4 metrics
Shares remitted for tax withholding
9,222 shares
Class A Common Stock remitted on 2026-08-20 under Code F
Transaction price per share
$65.58 per share
Price used for the 9,222-share tax-withholding disposition
Shares held after transaction
294,830 shares
Direct holdings of Kira Makagon following the 2026-08-20 transaction
Code F shares for exercise price or tax liability
9,222 shares
Shares delivered or withheld for tax withholding obligations from RSU vesting
Key Terms
Rule 16b-3(e), Restricted Stock Units, tax withholding obligations, Code F
4 terms
Rule 16b-3(e) regulatory
"In an exempt disposition to the issuer under Rule 16b-3(e)"
Restricted Stock Units financial
"tax withholding obligations arising out of the vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising"
Code F regulatory
"classified as a Code F transaction for tax withholding"
FAQ
What insider transaction did RNG report for Kira Makagon?
Kira Makagon remitted 9,222 shares of RingCentral Class A common stock to the company at $65.58 per share to cover tax withholding obligations from vesting Restricted Stock Units, in an exempt disposition to the issuer under Rule 16b-3(e).
Was the August 20, 2026 RNG insider transaction a market sale?
No. The 9,222 shares reported for Kira Makagon on 2026-08-20 were remitted to RingCentral to satisfy tax withholding obligations from vesting RSUs, classified as a Code F transaction, not an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.