Shmunis Vladimir 4

What Happened

• Vladimir Shmunis, CEO, Chairman and a director of RingCentral, received equity awards and had shares remitted to the company to cover tax withholding.
• Grants: 154,350 RSUs were awarded on 2026-05-29 and 4,520 RSUs were awarded on 2026-06-01 (total 158,870 RSUs; grant price $0).
• Tax withholding: On 2026-06-01, 28,232 shares were remitted/disposed at $49.10 per share (value = $1,386,191) to satisfy withholding obligations arising from RSU vesting.

Key Details

• Dates and prices:
  • 2026-05-29: Award of 154,350 RSUs (grant code A, $0.00).
  • 2026-06-01: Award of 4,520 RSUs (grant code A, $0.00); 28,232 shares remitted to issuer at $49.10 (code F, disposed).
• Shares owned after transaction: Not reported in this Form 4.
• Footnotes:
  • F1: The 154,350 RSUs vest in equal quarterly installments over two years beginning June 1, 2026.
  • F2: The 4,520 RSUs were fully vested at grant and were issued in lieu of a Q1 2026 cash bonus.
  • F3: The 28,232-share disposition was an exempt remittance to the issuer under Rule 16b-3(e) to satisfy tax withholding.
• Filing timeliness: Form 4 was filed 2026-06-02; based on transaction dates (May 29 and June 1) the filing appears to be timely under the two‑business‑day rule.

Context

• These transactions are routine equity compensation activity: new RSU awards (a non-cash grant) and a share remittance to cover tax withholding (not an open‑market sale). The remitted shares represent payment of withholding obligations, not necessarily a signal of buying or selling intent.