RingCentral (RNG) Insider: 6,701 Shares Disposed at $30.51

RingCentral insider transaction: Kira Makagon, President and COO, disposed of 6,701 shares of RingCentral Class A common stock on 09/01/2025 at $30.51 per share.

Rhea-AI Filing Summary

RingCentral insider transaction: Kira Makagon, President and COO, disposed of 6,701 shares of RingCentral Class A common stock on 09/01/2025 at $30.51 per share. After the disposition, the reporting person beneficially owned 381,140 shares. The filing states the disposition was an exempt transfer to the issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising from the vesting of restricted stock units. The Form 4 was signed by an attorney-in-fact, Ashley Ta, on 09/02/2025.

Positive

• Compliance: The Form 4 discloses the transaction and cites Rule 16b-3(e), indicating proper handling of RSU tax withholding.
• Clarity: Filing specifies shares disposed (6,701), price ($30.51), and remaining beneficial ownership (381,140), enabling transparent investor review.

Negative

• None.

Insights

Financial Analyst

TL;DR Routine insider share surrender to cover tax withholding; limited market impact.

The reported transaction is a non-derivative disposition of 6,701 shares executed at $30.51, leaving the officer with 381,140 shares. The filer states this was an exempt transfer to the issuer under Rule 16b-3(e) to satisfy tax withholding on vested RSUs, which is a common administrative action following vesting and not an open-market sale. From a financial perspective, this is unlikely to signal a change in company outlook or management conviction because the disposition purpose is explicitly tax-related rather than a discretionary sale.

Corporate Governance Expert

TL;DR Filing demonstrates compliance with Section 16 reporting and Rule 16b-3 handling of RSU tax withholding.

The Form 4 clearly identifies the reporting officer, relationship to the issuer, the number of shares surrendered, and the legal basis for an exempt disposition. Use of an attorney-in-fact and timely filing indicate procedural adherence. This transaction reflects routine equity compensation administration rather than disclosure of material governance concerns.

Insider Trade Summary

Exercise Price or Tax Liability: 6,701 shares

Exercise Price or Tax Liability 1 txn

Insider Makagon Kira

Role President and COO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	6,701	$30.51	$204K

Holdings After Transaction: Class A Common Stock — 381,140 shares (Direct)

Footnotes (1)

1. F1. 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 Restricted Stock Units.

FAQ

What transaction did RingCentral insider Kira Makagon report on Form 4?

The filing reports a disposition of 6,701 Class A shares on 09/01/2025 at $30.51 per share.

Why were the 6,701 shares disposed according to the Form 4?

The shares were remitted to the issuer in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding obligations from RSU vesting.

How many RingCentral shares does the reporting person own after the transaction?

The reporting person beneficially owned 381,140 shares following the reported disposition.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by an attorney-in-fact, Ashley Ta, on 09/02/2025.

Does this Form 4 indicate an open-market sale by the insider?

No. The filing states the disposition was an exempt transfer to the issuer for tax withholding, not an open-market sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/02/2025 - 04:10 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
09/01/2025

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	09/01/2025		F(1)		6,701	D	$30.51	381,140	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. 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 Restricted Stock Units.

	/s/ Ashley Ta, Attorney-in-fact	09/02/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.