Agarwal Vaibhav 4

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.