RingCentral (NYSE: RNG) COO sells 16,988 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral President and COO Kira Makagon sold 16,988 shares of Class A Common Stock in open-market transactions on May 27, 2026. The shares were sold at weighted average prices of $42.318 and $42.991 per share, across trade ranges from $41.82 to $43.145, under a pre-arranged Rule 10b5-1 trading plan. After these sales, she continues to hold a substantial direct equity stake in RingCentral.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,988 shares ($722,674)
Net Sell
2 txns
Insider
Makagon Kira
Role
President and COO
Sold
16,988 shs ($723K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 11,378 | $42.318 | $481K |
| Sale | Class A Common Stock | 5,610 | $42.991 | $241K |
Holdings After Transaction:
Class A Common Stock — 218,334 shares (Direct, null)
Footnotes (1)
- These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.82 to $42.81, 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 (2) and (3) 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 $42.82 to $43.145, inclusive.
Key Figures
Shares sold: 16,988 shares
Weighted avg sale price 1: $42.318 per share
Weighted avg sale price 2: $42.991 per share
+2 more
5 metrics
Shares sold
16,988 shares
Total Class A Common Stock sold on May 27, 2026
Weighted avg sale price 1
$42.318 per share
First reported block of open-market sales
Weighted avg sale price 2
$42.991 per share
Second reported block of open-market sales
Price range block 1
$41.82–$42.81
Multiple transactions within this range for one sale block
Price range block 2
$42.82–$43.145
Multiple transactions within this range for second sale block
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025."
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did RingCentral (RNG) President and COO Kira Makagon report in this Form 4?
Kira Makagon reported selling 16,988 shares of RingCentral Class A Common Stock in open-market transactions on May 27, 2026. These were routine insider sales disclosed as required, reflecting a reduction but not an exit of her equity position.
What type of security did Kira Makagon trade in this RingCentral (RNG) filing?
All reported transactions involve RingCentral Class A Common Stock, categorized as non-derivative securities. There were no option exercises or other derivative transactions reported, and the derivative position summary in the filing is empty.