Planned 22,196-share sale by RingCentral (NYSE: RNG) COO Makagon
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral, Inc. President and COO Kira Makagon reported open-market sales of 22,196 shares of Class A Common Stock on February 27, 2026. The trades, executed at prices around $35–$36 per share, were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025.
After these transactions, Makagon directly holds 339,545 shares of RingCentral Class A Common Stock, indicating she retains a substantial equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 22,196 shares ($780,279)
Net Sell
2 txns
Insider
Makagon Kira
Role
President and COO
Sold
22,196 shs ($780K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 22,013 | $35.147 | $774K |
| Sale | Class A Common Stock | 183 | $36.00 | $7K |
Holdings After Transaction:
Class A Common Stock — 339,728 shares (Direct)
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 $34.81 to $35.41, 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 range set forth in this footnote (2) to this Form 4.
FAQ
What insider transactions did RNG executive Kira Makagon report on this Form 4?
Kira Makagon reported selling 22,196 shares of RingCentral Class A Common Stock in open-market transactions on February 27, 2026. The sales were executed at prices around $35–$36 per share under a pre-established trading plan.
Were Kira Makagon’s RNG stock sales made under a 10b5-1 trading plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on March 14, 2025. Such plans allow insiders to schedule trades in advance, providing a structured way to sell shares over time.
What does the weighted average price disclosure mean in the RNG Form 4 footnote?
The footnote explains that one sale’s price is a weighted average across multiple trades between $34.81 and $35.41. The reporting person offers to provide detailed per-trade pricing information upon request to investors or regulators.