RingCentral (RNG) President Kira Makagon Receives RSU Award

What Happened

• Kira Makagon, President and COO of RingCentral, received an award of 3,437 restricted stock units (RSUs) on 2026-08-17 (grant recorded at $0.00). In connection with the vesting, 1,749 shares were remitted to the issuer to satisfy tax withholding obligations (disposed) at $64.07 per share, totaling $112,058.
• This was an equity award (compensation) rather than an open-market purchase or voluntary sale. The RSUs were fully vested as of the grant date and were granted in lieu of a cash bonus for Q2 2026.

Key Details

• Transaction dates: Grant and related withholding occurred on 2026-08-17; Form 4 filed 2026-08-18 (appears timely).
• Transaction codes: A = Award/Grant (3,437 RSUs @ $0.00); F = Tax withholding (1,749 shares remitted @ $64.07, $112,058).
• Footnotes: F1 — RSUs were fully vested on grant and issued under the company’s Key Employee Equity Bonus Plan in lieu of a Q2 2026 cash bonus. F2 — The 1,749-share disposition was an exempt transfer to the issuer under Rule 16b-3(e) to satisfy tax withholding.
• Shares owned after the transaction: Not specified in this filing.

Context

• This was a compensation-related equity grant (RSUs) that vested immediately; the remittance of shares to cover taxes is a routine withholding action and not an open-market sale. Such awards reflect company compensation practices rather than a direct endorsement or rejection of the stock by the insider.