[Form 4] RINGCENTRAL, INC. Insider Trading Activity
Rhea-AI Filing Summary
RingCentral insider sale and holdings update: John H. Marlow, SVP, CAdO & General Counsel of RingCentral, reported a disposition of 4,021 shares of Class A common stock on 09/01/2025 at a price of $30.51 per share. The filing states the shares were remitted to the issuer in an exempt disposition to satisfy tax withholding obligations arising from the vesting of Restricted Stock Units.
After the reported transaction, Mr. Marlow directly beneficially owns 312,598 shares and holds additional indirect interests of 12,080 shares in The M&M Family 2020 Irrevocable Trust and 12,550 shares in trusts for his children. The Form 4 is signed 09/02/2025.
Positive
- Timely and compliant Form 4 filing documenting the transaction and providing required explanations
- Disposition was exempt under Rule 16b-3(e) and explicitly done to satisfy tax withholding on RSU vesting
- Substantial remaining direct ownership of 312,598 shares and additional indirect family trust holdings
Negative
- Reduction in direct holdings by 4,021 shares following the disposition
- Price realized $30.51 per share reflects the value at disposition but does not disclose broader timing or multiple transactions
Insights
TL;DR: Routine exempt disposition for tax withholding; filing reflects compliance and continued substantial ownership by an officer.
The reported action is a common administrative step when restricted stock units vest. The disposition is characterized as an exempt transfer to the issuer under Rule 16b-3(e), indicating it was done to satisfy tax withholding rather than an open-market sale. Post-transaction, the reporting person retains a large direct holding (312,598 shares) and additional indirect family trusts holdings, which preserves alignment with shareholders. Timing and signature indicate the Form 4 was filed promptly.
TL;DR: Small-scale disposition versus total holdings; no new derivatives or additional sales disclosed.
The disposition of 4,021 shares at $30.51 reduces direct beneficial ownership modestly relative to the 312,598 shares remaining. The filer reports no derivative transactions. The explanation clarifies the transfer was to cover tax withholding from RSU vesting, which is routine and non-dispositive. Investors should note continued indirect holdings via family trusts totaling 24,630 shares, maintaining broader economic exposure.