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 |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 13,260 | $49.10 | $651K |
| Grant/Award | Class A Common Stock | 102,900 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents Restricted Stock Units ("RSUs") that will vest in equal quarterly installments over a two year period commencing on June 1, 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
Key Terms
Restricted Stock Units ("RSUs") financial
tax withholding obligations financial
Rule 16b-3(e) regulatory
grant, award, or other acquisition financial
AI-generated analysis. How Rhea-AI works. Not financial advice.