THEIS ROBERT I 4

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.