RingCentral (RNG) CAO logs 1,375 RSU bonus, 700-share tax remittance
Rhea-AI Filing Summary
RingCentral, Inc. (RNG) reported that Chief Accounting Officer Tarun Arora received a grant of 1,375 shares of Class A Common Stock as fully vested restricted stock units under the Key Employee Equity Bonus Plan, in lieu of a cash bonus for the second quarter of 2026. On the same date, 700 shares were remitted to the issuer at $64.07 per share in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding obligations arising from the RSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 675 shares
Net Buy
2 txns
Insider
Arora Tarun
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 1,375 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 700 | $64.07 | $45K |
Holdings After Transaction:
Class A Common Stock — 86,007 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: 1,375 shares
Shares remitted for tax withholding: 700 shares
Tax withholding share price: $64.07 per share
3 metrics
RSU shares granted
1,375 shares
Fully vested RSUs granted in lieu of a cash bonus for Q2 2026
Shares remitted for tax withholding
700 shares
Shares delivered in exempt disposition to satisfy tax withholding on RSU vesting
Tax withholding share price
$64.07 per share
Valuation used for the 700-share tax-withholding disposition
Key Terms
restricted stock units, Key Employee Equity Bonus Plan, Rule 16b-3(e), tax withholding obligations
4 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") that were fully vested as of the grant date"
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.
Key Employee Equity Bonus Plan financial
"These RSUs were granted pursuant to the Issuer's Key Employee Equity Bonus Plan"
Rule 16b-3(e) regulatory
"In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares"
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs"
FAQ
What did RingCentral (RNG) insider Tarun Arora report on this Form 4?
Tarun Arora reported a grant of 1,375 fully vested RSU shares of RingCentral Class A Common Stock and an associated disposition of 700 shares to cover tax withholding obligations tied to the RSU vesting.
Was the RingCentral (RNG) RSU grant to Tarun Arora a cash bonus or equity bonus?
The grant represented an equity bonus, not a cash payment. The 1,375 fully vested RSUs were awarded under RingCentral’s Key Employee Equity Bonus Plan in lieu of a cash bonus for the company’s second quarter of 2026.
What role does Tarun Arora hold at RingCentral (RNG) in this Form 4?
In this Form 4, Tarun Arora is identified as RingCentral’s Chief Accounting Officer. The reported transactions cover his equity bonus grant for the second quarter of 2026 and related tax-withholding share remittance.
AI-generated analysis. How Rhea-AI works. Not financial advice.