RingCentral (RNG) President & COO receives 102,900 RSUs and remits shares for taxes
Rhea-AI Filing Summary
RingCentral, Inc. President and COO Kira Makagon reported routine equity compensation activity. She received a grant of 102,900 shares of Class A Common Stock in the form of restricted stock units that will vest in equal quarterly installments over two years beginning on June 1, 2026. In a separate transaction, 13,260 shares were remitted back to RingCentral at $49.10 per share to cover tax withholding obligations arising from RSU vesting, an exempt disposition under Rule 16b-3(e) rather than an open-market sale. After these transactions, she directly holds 302,364 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant and tax withholding with substantial holdings retained.
RingCentral’s President and COO received 102,900 restricted stock units, a sizable equity award that vests quarterly over two years starting on June 1, 2026. This structure promotes medium-term retention and alignment with shareholder outcomes.
The disposition of 13,260 shares at $49.10 per share was to satisfy tax withholding on RSU vesting under Rule 16b-3(e), not an open-market sale. Following these events, direct ownership stands at 302,364 shares, indicating the executive maintains a significant equity stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 13,260 | $49.10 | $651K |
| Grant/Award | Class A Common Stock | 102,900 | $0.00 | -- |
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") that will vest in equal quarterly installments over a two year period commencing on June 1, 2026. 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.