Makagon Kira 4

What Happened

• Kira Makagon, RingCentral’s President and COO, received an award of 102,900 restricted stock units (RSUs) on 2026-05-29 (reported on Form 4). On 2026-06-01 she remitted 13,260 shares to the company to satisfy tax-withholding obligations; those shares were valued at $49.10 each for a total of $651,066. The RSUs themselves were granted at $0.00 (typical for RSU awards).

Key Details

• Transaction dates and prices:
  • 2026-05-29: Award of 102,900 RSUs (acquired at $0.00).
  • 2026-06-01: 13,260 shares surrendered/disposed at $49.10 each (= $651,066) to cover taxes.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • RSUs vest in equal quarterly installments over a two-year period commencing June 1, 2026 (footnote F1).
  • The 13,260 shares were remitted to the issuer in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding (footnote F2).
• Filing timeliness: Form 4 was filed 2026-06-02; this appears timely for the reported transactions.

Context

• This was an equity award (RSUs), not an open-market purchase or exercise of options. RSU grants are compensation and do not by themselves signal a buy or sell decision. The remittance of shares to cover taxes is a routine, administrative action (a cashless withholding) and is common when RSUs vest.