RingCentral (RNG) President Kira Makagon Surrenders 13,260 Shares

What Happened

• Kira Makagon, President and COO of RingCentral, remitted 13,260 shares to the company on Sept 1, 2026 to satisfy tax withholding obligations arising from the vesting of Restricted Stock Units (RSUs). The shares were valued at $70.77 each, for a total of $938,410. This was an internal tax-withholding disposition (not an open-market sale) and is typically a routine administrative action.

Key Details

• Transaction date: 2026-09-01
• Transaction type/code: Payment of tax withholding (F) — exempt disposition to issuer under Rule 16b-3(e)
• Shares involved: 13,260 shares
• Price per share: $70.77
• Total value: $938,410
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date / accession: Form 4 filed 2026-09-03 (no late filing indicated in the provided data)
• Footnote: F1 – Reporting person remitted shares to issuer to satisfy tax withholding from RSU vesting

Context

• This transaction reflects tax withholding on RSU vesting (a common, routine practice) rather than a discretionary sale or a purchase signal. It does not necessarily indicate a change in the insider’s market view of the company.