[Form 4] RINGCENTRAL, INC. Insider Trading Activity
Rhea-AI Filing Summary
RingCentral insider stock remittance for tax withholding
RingCentral Chief Accounting Officer Tarun Arora reported a Form 4 showing an exempt disposition on 08/20/2025 in which 3,871 shares of Class A common stock were surrendered to the issuer at a price of $29.41 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units. After the transaction, Arora beneficially owned 111,663 shares of Class A common stock. The filing was signed by an attorney-in-fact on 08/22/2025 and indicates the transaction was made under the Rule 16b-3(e) exemption for employer tax withholding related to equity vesting.
Positive
- Compliance: Reporting person filed Form 4 documenting the transaction and used the Rule 16b-3(e) exemption appropriately
- Tax withholding settled: 3,871 shares were remitted to the issuer to satisfy withholding obligations from RSU vesting
Negative
- Reduction in holdings: Beneficial ownership decreased by 3,871 shares to 111,663 shares following the remittance
Insights
TL;DR: Routine insider share remittance to cover taxes after RSU vesting; not a material change to ownership.
The reported disposition is an exempt transfer to the issuer under Rule 16b-3(e) to satisfy tax withholding from RSU vesting. The number of shares surrendered (3,871) reduced the reporting person's beneficial holdings to 111,663 shares. This type of filing is common after equity vesting events and typically reflects payroll tax settlement rather than a deliberate liquidity-driven sale. There is no indication of additional sales, grants, or derivative activity in this Form 4.
TL;DR: Form 4 documents compliant insider reporting and use of company mechanisms for tax withholding on vested awards.
The Form 4 specifies an exempt disposition pursuant to Rule 16b-3(e), which is the standard corporate practice for remitting shares to cover statutory tax withholdings on vested restricted stock units. The filing was executed by an attorney-in-fact, suggesting timely administrative handling. No indications of unusual governance actions or related-party transactions are present in the disclosed items.