R. Neil Williams - Mar 1, 2022 Form 4 Insider Report for RingCentral, Inc. (RNG)

Role
Director
Signature
/s/ Bruce P. Johnson, Attorney-in-fact
Stock symbol
RNG
Transactions as of
Mar 1, 2022
Transactions value $
-$3,757,085
Form type
4
Date filed
3/3/2022, 03:09 PM
Previous filing
Jan 3, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Conversion of derivative security +30K +250.79% 42K Mar 1, 2022 Direct F1
transaction RNG Class A Common Stock Sale -$875K -6.95K -16.56% $125.92 35K Mar 1, 2022 Direct F2, F3
transaction RNG Class A Common Stock Sale -$671K -5.29K -15.11% $126.81 29.7K Mar 1, 2022 Direct F2, F4
transaction RNG Class A Common Stock Sale -$871K -6.82K -22.94% $127.75 22.9K Mar 1, 2022 Direct F2, F5
transaction RNG Class A Common Stock Sale -$590K -4.57K -19.97% $128.97 18.3K Mar 1, 2022 Direct F2, F6
transaction RNG Class A Common Stock Sale -$269K -2.07K -11.29% $129.77 16.3K Mar 1, 2022 Direct F2, F7
transaction RNG Class A Common Stock Sale -$399K -3.05K -18.76% $130.86 13.2K Mar 1, 2022 Direct F2, F8
transaction RNG Class A Common Stock Sale -$165K -1.25K -9.46% $131.71 12K Mar 1, 2022 Direct F2, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RNG Stock Option (right to buy) Options Exercise $0 -30K -100% $0.00* 0 Mar 1, 2022 Class B Common Stock 30K $2.73 Direct F10
transaction RNG Class B Common Stock Options Exercise $81.9K +30K $2.73* 30K Mar 1, 2022 Class A Common Stock 30K Direct F11
transaction RNG Class B Common Stock Conversion of derivative security $0 -30K -100% $0.00* 0 Mar 1, 2022 Class A Common Stock 30K Direct F1, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.34 to $126.33, 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 range set forth in footnotes (3) through (9) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.34 to $127.32, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.34 to $128.31, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.375 to $129.37, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.38 to $130.37, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.41 to $131.37, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.42 to $131.95, inclusive.
F10 Options were fully vested and exercisable.
F11 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.