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

Signature
/s/ John Marlow
Stock symbol
RNG
Transactions as of
Feb 20, 2025
Transactions value $
-$1,664,362
Form type
4
Date filed
2/24/2025, 06:56 PM
Previous filing
Dec 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Award $0 +3.48K +1.07% $0.00 330K Feb 20, 2025 Direct F1
transaction RNG Class A Common Stock Award $0 +41.7K +12.65% $0.00 372K Feb 20, 2025 Direct F2
transaction RNG Class A Common Stock Sale -$634K -22K -5.93% $28.79 350K Feb 21, 2025 Direct F3, F4
transaction RNG Class A Common Stock Sale -$27.9K -945 -0.27% $29.50 349K Feb 21, 2025 Direct F3, F5
transaction RNG Class A Common Stock Sale -$502K -17.8K -5.11% $28.23 331K Feb 24, 2025 Direct F3, F6
transaction RNG Class A Common Stock Sale -$500K -17.3K -5.23% $28.90 314K Feb 24, 2025 Direct F3, F7
holding RNG Class A Common Stock 12.1K Feb 20, 2025 By Trust F8
holding RNG Class A Common Stock 12.6K Feb 20, 2025 By Trusts F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 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 fourth quarter of 2024.
F2 Represents performance-based restricted stock units ("PSUs"). The number of shares reported is the 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. 1/2 of the PSUs subject to this award vested on February 20, 2025; and 1/8th of the PSUs shall vest in equal quarterly increments thereafter.
F3 These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2024.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.26 to $29.25, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (7) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.40 to $29.595, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.67 to $28.66, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.675 to $29.05, inclusive.
F8 Shares held in The M&M Family 2020 Irrevocable Trust. The Reporting Person and his spouse are co-trustees of this trust.
F9 Shares held in trusts for the benefit of the Reporting Person's children. The Reporting Person and his spouse are co-trustees of these trusts.