[Form 4] RINGCENTRAL, INC. Insider Trading Activity

Rhea-AI Filing Summary

Kira Makagon, President and COO of RingCentral, reported equity activity on 08/15/2025. She had 4,964 restricted stock units (RSUs) vest that were granted in lieu of a Q2 2025 cash bonus under the company's Key Employee Equity Bonus Plan; those vested RSUs were reported as acquired at a $0 price. In a related exempt disposition under Rule 16b-3(e), she remitted 2,521 shares to RingCentral at $30.74 to satisfy tax-withholding obligations arising from the RSU vesting. After these transactions she beneficially owns 415,574 Class A shares, down from 418,095 before the net disposition.

Insights

Financial Analyst

TL;DR: Routine insider RSU vesting and tax withholding; modest net share reduction, no indication of market-directional trading.

The Form 4 discloses compensation-related vesting rather than open-market purchases or sales. 4,964 RSUs vested (granted in lieu of a cash bonus) and 2,521 shares were remitted to the issuer to satisfy tax withholding at an indicated rate based on a $30.74 per-share value. Net beneficial ownership changed from 418,095 to 415,574 Class A shares. This pattern is consistent with routine equity compensation administration and does not by itself signal a change in company fundamentals or a significant shift in insider sentiment.

Corporate Governance Expert

TL;DR: Disclosure aligns with standard Rule 16 and Rule 16b-3(e) practices for RSU vesting and tax withholding; documentation appears complete.

The reporting person is identified as an officer (President and COO) and the transactions are described as RSU vesting under the Key Employee Equity Bonus Plan, with an exempt disposition to the issuer for tax withholding. The filing notes the exempt nature of the share remittance under Rule 16b-3(e), which is a common, compliant mechanism for satisfying payroll tax obligations tied to equity awards. No governance red flags are evident in the disclosed items.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Makagon Kira

(Last) (First) (Middle)

C/O RINGCENTRAL, INC.

20 DAVIS DRIVE

(Street)

BELMONT CA 94002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RingCentral, Inc. [ RNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/15/2025		A		4,964(1)	A	$0	418,095	D
Class A Common Stock	08/15/2025		F(2)		2,521	D	$30.74	415,574	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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 second quarter of 2025.

2. 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.

	/s/ Ashley Ta, Attorney-in-fact	08/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

Who filed the Form 4 for RingCentral (RNG)?

The reporting person is Kira Makagon, identified as President and COO of RingCentral.

What equity transaction occurred on 08/15/2025 for RNG insider Kira Makagon?

On 08/15/2025 4,964 RSUs vested (granted in lieu of a Q2 2025 cash bonus), reported as acquired at $0.

Why were 2,521 shares remitted to RingCentral and at what price?

An exempt disposition under Rule 16b-3(e) remitted 2,521 shares to the issuer to satisfy tax-withholding obligations at an indicated price of $30.74 per share.

How did these transactions affect Kira Makagon’s beneficial ownership in RNG?

Beneficial ownership decreased from 418,095 Class A shares before the transactions to 415,574 Class A shares after.

Were the vested shares part of a compensation plan?

Yes. The RSUs were granted pursuant to the issuer's Key Employee Equity Bonus Plan in lieu of a cash bonus for Q2 2025.