Makagon Kira 4

What Happened

• Kira Makagon, President and COO of RingCentral, received a grant of 4,131 restricted stock units (RSUs) that were fully vested as of the grant date (transaction code A). The RSUs carry a notional value based on the $29.00 share price used for withholding (4,131 × $29 = $119,799). To satisfy tax withholding obligations arising from the vesting, she remitted 1,702 shares back to the company at $29.00 per share (transaction code F), a disposition valued at $49,358. This was a vesting/award event with offsetting share remittance for taxes — not an open-market sale.

Key Details

• Transaction dates: both actions reported for 2026-02-17; filing date 2026-02-19 (filed within the usual two-business-day Form 4 window).
• Grant: 4,131 RSUs (A) — reported price $0.00 (RSU grant/vesting).
• Tax withholding: 1,702 shares remitted (F) at $29.00 = $49,358.
• Implied value of vested RSUs at $29/share: $119,799; net new shares retained after withholding: 2,429 (4,131 − 1,702).
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnotes: F1 — RSUs were fully vested and granted under the Issuer's Key Employee Equity Bonus Plan in lieu of a Q4 2025 cash bonus. F2 — The 1,702-share remittance was an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding.

Context

• This was a routine vesting and tax-withholding event (common for RSUs). The remittance of shares to cover taxes is a standard cashless withholding method and should not be read as a deliberate market sale. The grant was issued in lieu of a cash bonus, per the filing.