Makagon Kira 4

What Happened

• Kira Makagon, RingCentral's President and Chief Operating Officer, remitted 9,223 shares to the company on 2026-05-20 to satisfy tax withholding obligations tied to the vesting of Restricted Stock Units (RSUs).
• The shares were valued at $43.51 each, for a total of $401,293. This was an exempt disposition to the issuer (not an open-market sale) under Rule 16b-3(e), used to cover withholding taxes.

Key Details

• Transaction date: 2026-05-20; Price per share: $43.51; Shares surrendered: 9,223; Total value: $401,293.
• Filing: Form 4 filed 2026-05-22 (appears timely — within the typical two business-day reporting window).
• Shares owned after the transaction: not disclosed in the filing.
• Footnote: F1 notes the shares were remitted to the issuer in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding from RSU vesting.

Context

• This was a tax-withholding disposition (code F), a routine administrative transaction when equity awards vest. It is not an open-market sale and generally does not signal a change in the insider's view of the company.
• For retail investors, such withholding-related share remittances are common and should be distinguished from voluntary sales or purchases that can carry different signals.