RNG Form 4: Director Disposes of 2,805 Class A Shares on 10/01/2025
Rhea-AI Filing Summary
Robert I. Theis, a director of RingCentral, Inc. (RNG), reported sales of a total of 2,805 shares of Class A common stock on 10/01/2025. The sales were executed under a Rule 10b5-1 trading plan adopted on May 22, 2025. The Form 4 shows two sale entries: 2,605 shares at a weighted average price of $28.439 (trades ranged $28.10–$29.09) and 200 shares at a weighted average price of $29.105 (trades ranged $29.10–$29.11). Following the transactions, the reporting person’s beneficial ownership is reported as 28,580 shares (direct).
The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/03/2025. All facts above are taken directly from the filed Form 4 and its explanatory footnotes.
Positive
- Sales executed under a Rule 10b5-1 plan, indicating pre‑planned trades adopted on May 22, 2025
- Detailed disclosure of weighted average prices and trade ranges provided in footnotes
Negative
- None.
Insights
Director sold 2,805 RNG shares under a 10b5-1 plan on 10/01/2025.
The sales were executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on May 22, 2025, which is a common mechanism allowing insiders to transact without running afoul of insider trading rules when trades follow a preset schedule.
The Form 4 discloses weighted average prices of $28.439 and $29.105 for the two sale blocks, with explicit price ranges in the footnotes. The reporting person’s direct beneficial ownership after these transactions is reported as 28,580 shares.
FAQ
What did RingCentral director Robert I. Theis report on Form 4 (RNG)?
How many shares did the director retain after the reported transactions (RNG)?
At what prices were the RNG shares sold?
When was the Form 4 signed and by whom?
Was the trading plan contemporaneous with the sales?