RNG CEO Form 4: RSU bonus, tax share remittance and sales
Rhea-AI Filing Summary
RingCentral, Inc. (RNG) CEO and Chairman reported several equity transactions in company stock. On 11/20/2025, he received 4,787 Class A RSUs at $0, granted under RingCentral’s Key Employee Equity Bonus Plan in lieu of a cash bonus earned for the third quarter of 2025. That same day, he surrendered 48,333 shares at $26.12 and on 11/21/2025 another 27,881 shares at $27.29 to cover tax withholding on vested RSUs in exempt transactions with the company.
He also executed open-market sales under a prearranged Rule 10b5-1 trading plan adopted on March 13, 2025. These included 14,221 shares at a weighted average of $26.126, 32,623 shares at $27.221 on 11/21/2025, and 27,018 shares at a weighted average of $27.68 on 11/24/2025. After these transactions, he beneficially owned 262,240 shares of RingCentral Class A common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 27,018 | $27.68 | $748K |
| Sale | Class A Common Stock | 14,221 | $26.126 | $372K |
| Sale | Class A Common Stock | 32,623 | $27.221 | $888K |
| Tax Withholding | Class A Common Stock | 27,881 | $27.29 | $761K |
| Grant/Award | Class A Common Stock | 4,787 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 48,333 | $26.12 | $1.26M |
Footnotes (1)
- Represents restricted stock units ("RSUs") that were fully vested as of the grant date. These RSUs were granted pursuant to the Issuer's Key Employee Equity Bonus Plan, in lieu of a cash bonus earned for the third quarter of 2025. 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. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.72 to $26.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (6) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.74 to $27.52, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.33 to $27.94, inclusive.