RingCentral (RNG) GC John Marlow Receives RSU Award; Remits Shares

What Happened

• John H. Marlow, RingCentral's Senior VP, Chief Administrative Officer & General Counsel, was granted 45,019 restricted stock units (RSUs) on 2026-05-29 (acquisition at $0.00). On 2026-06-01 he remitted 6,893 shares to the issuer to satisfy tax withholding obligations; those shares were disposed at $49.10 each for a cash value of $338,446. The grant is an award (not an open-market purchase) and the share remittance for taxes is a routine disposition.

Key Details

• Grant date: 2026-05-29 — 45,019 RSUs (no exercise price; awarded)
• Tax withholding disposition: 2026-06-01 — 6,893 shares @ $49.10 = $338,446
• Shares owned after transaction: Not specified in the filing
• Footnotes of note:
  • F1: RSUs vest in equal quarterly installments over two years beginning June 1, 2026.
  • F2: The remitted shares were sent to the issuer in an exempt disposition under Rule 16b-3(e) to cover withholding taxes.
  • F3/F4: Some shares are held in family/children's trusts for which Marlow and his spouse are co‑trustees.
• Filing timeliness: Form 4 was filed 2026-06-02; the filing appears timely under the two-business-day rule for the reported transaction dates.

Context

• RSU grants are compensatory awards; they are not purchases and do not by themselves signal buying conviction. The remittance of shares to cover taxes is a common, routine transaction (a cashless withholding arrangement) when RSUs vest.