RingCentral CAO sells 954 shares at $77 under plan
RingCentral’s Chief Accounting Officer reported tax withholding share remittance and a small Rule 10b5-1 planned sale of Class A Common Stock.
Rhea-AI Filing Summary
RingCentral, Inc. (RNG) Chief Accounting Officer Tarun Arora reported two transactions in Class A Common Stock. On September 1, 2026, he remitted 4,323 shares to RingCentral in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding from vesting Restricted Stock Units. On September 3, 2026, he sold 954 shares at $77.00 per share in a transaction effected pursuant to a Rule 10b5-1 trading plan.
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Insider Trade Summary 10b5-1
Net Seller: 954 shares
Net Sell
2 txns
Insider
Arora Tarun
Role
Chief Accounting Officer
Sold
954 shs ($73K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2 | 954 | $77.00 | $73K |
| Tax Withholding | Class A Common Stock F1 | 4,323 | $70.77 | $306K |
Holdings After Transaction:
Class A Common Stock — 69,864 shares (Direct)
Footnotes (2)
- F1. 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 Restricted Stock Units.
- F2. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 22, 2026.
Key Figures
Shares remitted for tax withholding: 4,323 shares
Shares sold: 954 shares
Sale price per share: $77.00 per share
+2 more
5 metrics
Shares remitted for tax withholding
4,323 shares
Disposition to issuer on September 1, 2026 under Rule 16b-3(e)
Shares sold
954 shares
Open-market or private sale on September 3, 2026
Sale price per share
$77.00 per share
Price for 954 Class A Common shares sold on September 3, 2026
Tax-withholding transaction price reference
$70.77 per share
Reference price for 4,323-share tax-withholding disposition on September 1, 2026
Rule 10b5-1 plan adoption date
May 22, 2026
Adoption date of trading plan covering the September 3, 2026 sale
Key Terms
Rule 10b5-1 trading plan, Rule 16b-3(e), Restricted Stock Units
3 terms
Rule 10b5-1 trading plan regulatory
"This sale was effected pursuant to a Rule 10b5-1 trading plan"
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.
Rule 16b-3(e) regulatory
"In an exempt disposition to the issuer under Rule 16b-3(e)"
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.
FAQ
What insider transactions did RNG’s Chief Accounting Officer report?
Tarun Arora reported remitting 4,323 shares of RingCentral Class A Common Stock to the company on September 1, 2026 for tax withholding and selling 954 shares on September 3, 2026 at $77.00 per share under a Rule 10b5-1 trading plan.
Was the September 3, 2026 RNG stock sale made under a Rule 10b5-1 plan?
Yes. The filing states the 954-share sale of RingCentral Class A Common Stock on September 3, 2026 at $77.00 per share was effected pursuant to a Rule 10b5-1 trading plan adopted by Tarun Arora on May 22, 2026.
What role does Tarun Arora hold at RingCentral (RNG)?
Tarun Arora is identified as the Chief Accounting Officer of RingCentral, Inc. in the Form 4 insider transaction report.
AI-generated analysis. How Rhea-AI works. Not financial advice.