THEIS ROBERT I 4
4 · RingCentral, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
RingCentral (RNG) Director Robert I. Theis Sells Shares
What Happened
Robert I. Theis, a director of RingCentral (RNG), sold a total of 2,529 shares on April 2, 2026, in open-market transactions. The largest tranche was 2,429 shares at a weighted-average price of $37.85 (proceeds $91,940; individual trade prices in that lot ranged $37.53–$38.27). He also sold 100 shares at $38.80 (proceeds $3,880). Total proceeds were about $95,820. These were sales (not purchases), which are commonly routine dispositions.
Key Details
- Transaction date: April 2, 2026 (reported on Form 4 filed April 3, 2026) — filing appears timely.
- Trades: 2,429 shares @ weighted avg $37.85 (range $37.53–$38.27) = $91,940; plus 100 shares @ $38.80 = $3,880. Total ≈ $95,820.
- Transaction code: S (Sale).
- Footnotes: Sales were made pursuant to a Rule 10b5-1 trading plan adopted May 22, 2025. The filing notes the weighted-average pricing and offers to provide per-price breakdowns upon request.
- Shares owned after transaction: Not disclosed on the provided Form 4 excerpt.
Context
Sales executed under a 10b5-1 plan are pre-arranged and often reflect routine, scheduled dispositions rather than opportunistic trades based on inside information. While insider purchases can be more informative about confidence in the stock, routine sales by directors are common and do not by themselves indicate company performance.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-04-02$37.85/sh−2,429$91,940→ 33,464 total - Sale
Class A Common Stock
[F1]2026-04-02$38.80/sh−100$3,880→ 33,364 total
Footnotes (2)
- [F1]These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 22, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.53 to $38.27, 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 this footnote (2) to this Form 4.