John H. Marlow - Feb 21, 2024 Form 4 Insider Report for RingCentral, Inc. (RNG)

Signature
/s/ Paul Porter, Attorney-in-Fact
Stock symbol
RNG
Transactions as of
Feb 21, 2024
Transactions value $
-$2,219,690
Form type
4
Date filed
2/23/2024, 04:05 PM
Previous filing
Feb 13, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNG Class A Common Stock Sale -$58.5K -1.89K -0.42% $30.98 452K Feb 21, 2024 Direct F1, F2
transaction RNG Class A Common Stock Sale -$325K -10.3K -2.27% $31.69 441K Feb 21, 2024 Direct F1, F3
transaction RNG Class A Common Stock Sale -$110K -3.4K -0.77% $32.49 438K Feb 21, 2024 Direct F1, F4
transaction RNG Class A Common Stock Sale -$1.71M -56.3K -12.86% $30.31 382K Feb 22, 2024 Direct F1, F5
transaction RNG Class A Common Stock Sale -$18.6K -600 -0.16% $31.01 381K Feb 22, 2024 Direct F1, F6
holding RNG Class A Common Stock 12.1K Feb 21, 2024 By Trust F7
holding RNG Class A Common Stock 12.6K Feb 21, 2024 By Trusts F8
* 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 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.19 to $31.18, 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 (2) through (6) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.21 to $32.19, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.215 to $32.80, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.78 to $30.74, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.80 to $31.34, inclusive.
F7 Shares held in The M&M Family 2020 Irrevocable Trust. The Reporting Person and his spouse are co-trustees of this trust.
F8 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.