RingCentral (RNG) director executes 1,264-share 10b5-1 stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral director Shenkan Amy Guggenheim reported an open-market sale of 1,264 shares of Class A common stock at a weighted average price of $37.93 per share on April 2, 2026. After this transaction, she directly holds 30,637 shares of RingCentral stock.
The filing states that these sales were made under a pre-arranged Rule 10b5-1 trading plan, which was adopted in advance. This indicates the sale followed a preset plan rather than being a spontaneous market-timing decision.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,264 shares ($47,937)
Net Sell
1 txn
Insider
Shenkan Amy Guggenheim
Role
Director
Sold
1,264 shs ($48K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,264 | $37.925 | $48K |
Holdings After Transaction:
Class A Common Stock — 30,637 shares (Direct)
Footnotes (1)
- These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 21, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.51 to $38.22, 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.
Key Figures
Shares sold: 1,264 shares
Weighted average sale price: $37.93 per share
Sale price range: $37.51–$38.22
+2 more
5 metrics
Shares sold
1,264 shares
Open-market sale on April 2, 2026
Weighted average sale price
$37.93 per share
Class A common stock sale
Sale price range
$37.51–$38.22
Multiple transactions within this range
Shares held after transaction
30,637 shares
Direct ownership after April 2, 2026 sale
Trading plan adoption date
August 21, 2025
Rule 10b5-1 plan governing these sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Form 4
4 terms
Rule 10b5-1 trading plan financial
"These sales were effected pursuant to a Rule 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"within the range set forth in this footnote (2) to this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did RingCentral (RNG) director Shenkan Amy Guggenheim report?
She reported selling 1,264 RingCentral Class A shares in an open-market transaction. The weighted average sale price was $37.93 per share, with trades occurring between $37.51 and $38.22, according to the Form 4 filing’s footnote disclosure.
Was the RingCentral (RNG) insider sale made under a Rule 10b5-1 trading plan?
Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on August 21, 2025. Such plans are pre-arranged instructions for trading, designed to reduce concerns about trade timing.
What type of transaction is reported in this RingCentral (RNG) Form 4?
The Form 4 reports an open-market sale of Class A common stock, coded as “S”. This indicates a straightforward sale rather than an option exercise, gift, tax withholding, or other non-market-related equity transaction type.