RingCentral COO remits $938K in shares for taxes
RingCentral’s President and COO used company shares to cover taxes on vested RSUs in an exempt insider transaction.
Rhea-AI Filing Summary
RingCentral, Inc. (RNG) reported that President and COO Kira Makagon disposed of 13,260 shares of Class A Common Stock on September 1, 2026. The shares were remitted to the company in an exempt transaction to satisfy tax withholding obligations from vesting Restricted Stock Units, at $70.77 per share, leaving her with 281,570 shares held directly.
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Insights
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Insider Trade Summary
Tax Withholding: 13,260 shares
Tax Withholding
1 txn
Insider
Makagon Kira
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 13,260 | $70.77 | $938K |
Holdings After Transaction:
Class A Common Stock — 281,570 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: 13,260 shares
Reported price per share: $70.77 per share
Approximate aggregate value of shares remitted: $938,410.20
+2 more
5 metrics
Shares remitted for tax withholding
13,260 shares
Disposition to issuer on September 1, 2026 to satisfy tax withholding on RSU vesting
Reported price per share
$70.77 per share
Value used for the 13,260-share tax-withholding disposition
Approximate aggregate value of shares remitted
$938,410.20
13,260 shares at $70.77 per share for tax withholding
Shares held after transaction
281,570 shares
Direct ownership of RingCentral Class A Common Stock following the September 1, 2026 disposition
Code F transaction shares
13,260 shares
Shares delivered or withheld for payment of tax liability
Key Terms
Rule 16b-3(e), Restricted Stock Units, tax withholding obligations
3 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"
FAQ
What insider transaction did RingCentral (RNG) report for Kira Makagon?
RingCentral reported that President and COO Kira Makagon remitted 13,260 shares of Class A Common Stock to the company on September 1, 2026 to cover tax withholding obligations arising from the vesting of Restricted Stock Units.
Was Kira Makagon’s RingCentral (RNG) transaction an open-market sale?
No. The filing states it was an exempt disposition to the issuer under Rule 16b-3(e), with shares remitted to RingCentral to satisfy tax withholding on vested Restricted Stock Units, not an open-market sale.
Was the RingCentral (RNG) insider transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote describes the event as an exempt disposition to the issuer for taxes on RSU vesting, not as a sale under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.