RingCentral (NYSE: RNG) CFO gets RSU grant, sells shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral, Inc. Chief Financial Officer Vaibhav Agarwal reported several equity transactions in Class A common stock. He received a grant of 51,450 Restricted Stock Units, which will vest in equal quarterly installments over two years starting on June 1, 2026.
To cover tax-withholding obligations from RSU vesting, he remitted 7,302 shares to the company in an exempt disposition. He also completed an open-market sale of 7,047 shares at $46.169 per share under a pre-arranged Rule 10b5-1 trading plan, and now directly holds 169,282 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,047 shares ($325,353)
Net Sell
3 txns
Insider
Agarwal Vaibhav
Role
Chief Financial Officer
Sold
7,047 shs ($325K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,047 | $46.169 | $325K |
| Tax Withholding | Class A Common Stock | 7,302 | $49.10 | $359K |
| Grant/Award | Class A Common Stock | 51,450 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 169,282 shares (Direct, null)
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. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2025.
Key Figures
RSU grant: 51,450 RSUs
Open-market sale: 7,047 shares at $46.169
Tax-withholding shares: 7,302 shares
+2 more
5 metrics
RSU grant
51,450 RSUs
Restricted Stock Units granted to CFO; vest quarterly over two years from June 1, 2026
Open-market sale
7,047 shares at $46.169
Class A Common Stock sale under Rule 10b5-1 trading plan
Tax-withholding shares
7,302 shares
Shares remitted to issuer for RSU-related tax withholding
Post-transaction holdings
169,282 shares
CFO’s direct Class A Common Stock holdings after reported transactions
RSU vesting start
June 1, 2026
Commencement date for quarterly vesting of 51,450 RSUs
Key Terms
Restricted Stock Units ("RSUs"), Rule 16b-3(e), Rule 10b5-1 trading plan, tax withholding obligations
4 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") that will vest in equal quarterly installments"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Rule 16b-3(e) regulatory
"In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares"
Rule 10b5-1 trading plan regulatory
"This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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.
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs"
FAQ
What insider transactions did RingCentral (RNG) disclose for its CFO?
RingCentral’s CFO Vaibhav Agarwal reported an RSU grant, a tax-withholding share remittance, and an open-market share sale. The filing shows compensation-related equity, tax settlement in shares, and a pre-planned sale under a Rule 10b5-1 trading plan.
How many RSUs did RingCentral (RNG) grant to its CFO and how do they vest?
RingCentral granted CFO Vaibhav Agarwal 51,450 RSUs. These Restricted Stock Units will vest in equal quarterly installments over a two-year period, commencing on June 1, 2026, providing a multi-year equity incentive tied to continued service.