Agarwal Vaibhav 4
4 · RingCentral, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
RingCentral (RNG) CFO Vaibhav Agarwal Receives RSUs, Sells Shares
What Happened Vaibhav Agarwal, CFO of RingCentral, received a grant of 4,131 restricted stock units (RSUs) that were fully vested as of the grant date (reported 2026-02-17). To satisfy tax withholding on the vesting, he remitted 1,908 shares to the issuer at $29.00/share (value $55,332). On 2026-02-18 he sold 2,223 shares in the open market under a preexisting Rule 10b5-1 plan at a weighted average price of $29.58/share (proceeds ~$65,754). Net of this grant, all 4,131 vested RSUs were either remitted or sold (no net shares retained from this award).
Key Details
- Dates and prices:
- 2026-02-17: Award of 4,131 RSUs (reported acquisition at $0.00).
- 2026-02-17: Remitted 1,908 shares for tax withholding @ $29.00 (disposition; $55,332).
- 2026-02-18: Open-market sale of 2,223 shares @ weighted avg $29.58 (disposition; ~$65,754). Sale prices ranged $29.40–$29.76.
- Footnotes of note:
- RSUs were fully vested and granted in lieu of a Q4 2025 cash bonus (F1).
- Remittance of shares to the issuer was an exempt disposition for tax withholding under Rule 16b-3(e) (F2).
- The open-market sale was made under a Rule 10b5-1 trading plan adopted 2025-09-15 (F3).
- The reported sale price is a weighted average across multiple trades (F4).
- Shares owned after the transactions: not disclosed on this filing.
- Filing timeliness: Form 4 filed 2026-02-19 covering transactions on 2026-02-17–18 (filed within the standard 2-business-day window).
Context These transactions reflect an RSU vesting event paid in equity (in lieu of a cash bonus) with the shares used to cover withholding and executed sales under a prearranged trading plan. That pattern (vesting + tax remittance + 10b5-1 sale) is common and does not, by itself, indicate insider sentiment about the company’s prospects.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-02-17+4,131→ 198,934 total - Tax Payment
Class A Common Stock
[F2]2026-02-17$29.00/sh−1,908$55,332→ 197,026 total - Sale
Class A Common Stock
[F3][F4]2026-02-18$29.58/sh−2,223$65,754→ 194,803 total
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs") that were fully vested as of the grant date. These RSUs were granted pursuant to the Issuer's Key Employee Equity Bonus Plan, in lieu of a cash bonus earned for the fourth quarter of 2025.
- [F2]In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares to the issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.
- [F3]This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2025.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.40 to $29.76, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.