Kira Makagon - Feb 20, 2025 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role: President and COO
Signature: /s/ Ashley Ta, Attorney-in-fact
Stock symbol: RNG
Transactions as of: Feb 20, 2025
Transactions value $: -$721,550
Form type: 4
Date filed: 2/24/2025, 05:05 PM
Previous filing: Feb 24, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RNG	Class A Common Stock	Award	$0	+128K	+92.67%	$0.00	265K	Feb 20, 2025	Direct	F1
transaction	RNG	Class A Common Stock	Tax liability	-$722K	-24.9K	-9.39%	$28.95	240K	Feb 21, 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents performance-based restricted stock units ("PSUs"). The number of shares reported is the above-target achievement of certain performance goals, as certified by the Issuer's Compensation Committee on February 20, 2025, with respect to performance awards granted to the Reporting Person on May 19, 2024. 1/3 of the PSUs subject to this award vested on February 20, 2025; and 1/12th of the remaining PSUs shall vest in equal quarterly increments thereafter.
F2	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 ("RSUs").

Content

Represents performance-based restricted stock units ("PSUs"). The number of shares reported is the above-target achievement of certain performance goals, as certified by the Issuer's Compensation Committee on February 20, 2025, with respect to performance awards granted to the Reporting Person on May 19, 2024. 1/3 of the PSUs subject to this award vested on February 20, 2025; and 1/12th of the remaining PSUs shall vest in equal quarterly increments thereafter.

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 ("RSUs").