Makagon Kira 4

What Happened
Kira Makagon, President and COO of RingCentral (RNG), was granted 77,893 performance-based restricted stock units (PSUs) on 2026-02-10. The award was reported at $0.00 per share (no cash paid by the insider) — the filing shows an acquisition-type grant rather than a market purchase or sale.

Key Details

• Transaction date and filing: Grant dated 2026-02-10; Form 4 filed 2026-02-12 (appears timely within the usual 2-business-day window).
• Shares/price: 77,893 PSUs reported at $0.00 per share.
• Vesting: All 77,893 shares reported will vest on March 1, 2026 (per footnote).
• Footnote summary: These are performance-based RSUs. The reported amount represents above-target achievement for 2025 performance, certified by the Compensation Committee on Feb 10, 2026. Remaining PSUs from the original grant are tied to 2026 and 2027 performance.
• Shares owned after transaction: Not specified in the provided filing.

Context
PSUs are compensation awards that convert to actual shares only if performance goals and vesting conditions are met; no cash was exchanged by the insider at grant. Such awards reflect company compensation tied to performance and are not the same signal as an insider buying or selling stock in the open market.