RingCentral (RNG) CAO covers RSU taxes with 3,747 shares remitted to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral, Inc. Chief Accounting Officer Tarun Arora reported a routine tax-related share disposition. On May 20, 2026, he remitted 3,747 shares of Class A Common Stock to the company at $43.51 per share to satisfy tax withholding obligations from vesting Restricted Stock Units.
After this exempt disposition to the issuer under Rule 16b-3(e), Arora directly held 72,634 shares of RingCentral Class A Common Stock. The transaction was not an open-market purchase or sale but a payment of tax liability using shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Arora Tarun
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,747 | $43.51 | $163K |
Holdings After Transaction:
Class A Common Stock — 72,634 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares remitted for taxes: 3,747 shares
Price per share: $43.51 per share
Shares held after transaction: 72,634 shares
+1 more
4 metrics
Shares remitted for taxes
3,747 shares
Class A Common Stock, tax-withholding disposition on May 20, 2026
Price per share
$43.51 per share
Value used for tax-withholding disposition
Shares held after transaction
72,634 shares
Direct Class A Common Stock holdings following disposition
Tax withholding shares (summary)
3,747 shares
TaxWithholdingShares in transaction summary
Key Terms
Restricted Stock Units, Rule 16b-3(e), exempt disposition, tax withholding obligations
4 terms
Restricted Stock Units financial
"tax withholding obligations arising out of the vesting of Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3(e) regulatory
"In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares"
exempt disposition regulatory
"In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares"
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising out of the vesting"
FAQ
What insider transaction did RingCentral (RNG) report for Tarun Arora?
RingCentral reported that Chief Accounting Officer Tarun Arora remitted 3,747 shares of Class A Common Stock to the company. This exempt disposition covered tax withholding obligations from vesting Restricted Stock Units rather than an open-market sale or purchase.
What is Rule 16b-3(e) mentioned in the RingCentral (RNG) Form 4 footnote?
The Form 4 footnote states the transaction is an exempt disposition to the issuer under Rule 16b-3(e). This rule allows certain insider transactions, like using shares to pay taxes on equity awards, to be exempt from short-swing profit rules.