RingCentral (RNG) officer surrenders 2,681 shares for RSU tax withholding
Rhea-AI Filing Summary
RingCentral, Inc. reported an insider equity transaction by its Chief Accounting Officer on 12/01/2025. The officer disposed of 2,681 shares of Class A common stock at a price of $28.83 per share in a transaction coded "F," which indicates shares were remitted to the company to cover tax withholding obligations. This arose from the vesting of Restricted Stock Units, so the shares were surrendered back to the issuer rather than sold on the open market.
After this tax-related share remittance, the reporting officer beneficially owned 90,731 shares of RingCentral Class A common stock, held directly.
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FAQ
What insider transaction did RingCentral (RNG) report in this Form 4?
The Form 4 reports that RingCentral's Chief Accounting Officer disposed of 2,681 shares of Class A common stock on 12/01/2025 in a transaction coded "F."
Why were 2,681 RingCentral (RNG) shares disposed of by the officer?
The filing explains that the 2,681 shares were remitted to RingCentral in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding obligations arising from the vesting of Restricted Stock Units.
At what price were the RingCentral (RNG) shares valued in the Form 4 transaction?
The disposed shares of RingCentral Class A common stock were valued at $28.83 per share for this tax withholding-related transaction.
How many RingCentral (RNG) shares does the reporting officer own after the transaction?
Following the reported transaction, the officer beneficially owns 90,731 shares of RingCentral Class A common stock, held directly.
What is the reporting person’s role at RingCentral (RNG)?
The reporting person is an officer of RingCentral, serving as the company’s Chief Accounting Officer.
Was this RingCentral (RNG) insider transaction part of a Rule 10b5-1 trading plan?
The form includes a checkbox for transactions under a Rule 10b5-1(c) trading plan, but the provided content does not indicate that this particular transaction was designated as such.