[Form 4] RingCentral, Inc. Insider Trading Activity

Rhea-AI Filing Summary

RingCentral, Inc. (RNG) Form 4: The company disclosed an insider sale by Kira Makagon, President and COO. On 09/10/2025 she sold 6,495 shares of Class A common stock at a weighted average price of $31.354 per share under a Rule 10b5-1 trading plan adopted March 14, 2025.

Following the sale, the reporting person beneficially owned 374,645 shares. The reported sale occurred in multiple transactions at prices ranging from $31.1495 to $31.52. The Form 4 was signed by Ashley Ta, attorney-in-fact, on 09/12/2025.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, which supports compliance with insider trading rules
• Detailed pricing disclosure including weighted average ($31.354) and trade price range ($31.1495 to $31.52)
• Filing provides remaining beneficial ownership (374,645 shares), enabling clear ownership tracking

Negative

• Insider disposal of shares (6,495 shares sold) reduces executive ownership
• Form 4 shows no additional context such as purpose of sale or proportion of total holdings sold

Insights

Securities Compliance Analyst

TL;DR: Insider sale executed under an established 10b5-1 plan; filing complies with required disclosure.

The Form 4 reports a sale executed pursuant to a Rule 10b5-1 trading plan adopted March 14, 2025, which provides an affirmative defense against insider trading claims if properly implemented. The filing includes transaction date, share count, weighted average price, and a disclosed price range. Signature by an attorney-in-fact is provided, satisfying Section 16 reporting formalities. No additional amendments or derivatives are reported.

Corporate Finance Analyst

TL;DR: A modest insider sale reduced holdings; transaction details are transparent but not materially transformative.

The reporting person sold 6,495 shares at a weighted average of $31.354, with remaining beneficial ownership of 374,645 shares. The disclosure quantifies the price range and offers to provide per-trade breakdowns on request, enhancing transparency. The transaction type is a straightforward disposition; there are no derivative transactions disclosed. Based solely on the reported numbers, this is a routine executive sale rather than a material corporate event.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Makagon Kira

(Last) (First) (Middle)

C/O RINGCENTRAL, INC.

20 DAVIS DRIVE

(Street)

BELMONT CA 94002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RingCentral, Inc. [ RNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/10/2025		S(1)		6,495	D	$31.354(2)	374,645	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.1495 to $31.52, 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 range set forth in this footnote (2) to this Form 4.

	/s/ Ashley Ta, Attorney-in-fact	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did RingCentral (RNG) insider Kira Makagon sell?

Kira Makagon sold 6,495 shares of Class A common stock on 09/10/2025 at a weighted average price of $31.354 per share.

Was the sale by Kira Makagon part of an automated plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025.

How many RingCentral shares does the reporting person own after the sale?

374,645 shares of Class A common stock are reported as beneficially owned following the transaction.

What price range did the shares sell for?

Sales occurred at prices ranging from $31.1495 to $31.52; the Form 4 reports a weighted average price of $31.354.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Ashley Ta, attorney-in-fact, and the signature date on the form is 09/12/2025.