Agarwal Vaibhav 4

What Happened

• Vaibhav Agarwal, Chief Financial Officer of RingCentral, received 4,520 restricted stock units (RSUs) on May 15, 2026 (granted in lieu of a Q1 2026 cash bonus). Those RSUs vested on the grant date.
• To satisfy tax withholding and pursuant to a planned sale, Agarwal remitted 2,300 shares to the issuer on May 15 at $41.05 per share (value $94,415) and sold 2,220 shares in an open-market transaction on May 18 at $40.62 per share (proceeds $90,179). Total disposed value from these transactions was $184,594.
• Net effect: all 4,520 vested RSUs were used for withholding/sale, so there was no net increase in shares held from this grant.

Key Details

• Transaction dates and prices:
  • 2026-05-15: Grant of 4,520 RSUs (acquired at $0.00; RSUs vested on grant) — Footnote F1.
  • 2026-05-15: Remitted 2,300 shares to issuer for tax withholding at $41.05 (disposed) — $94,415 — Footnote F3.
  • 2026-05-18: Open-market sale of 2,220 shares at $40.62 (disposed) — $90,179 — executed under a Rule 10b5-1 plan adopted 9/15/2025 (Footnote F4).
• Shares owned after transaction: The RSU grant resulted in no net retained shares (4,520 granted = 2,300 remitted + 2,220 sold). The filing notes 923 shares acquired under the Employee Stock Purchase Plan on May 12, 2026 (Footnote F2), which are separate from this RSU activity.
• Filing timeliness: Report filed May 19, 2026 covering transactions beginning May 15, 2026; appears timely.

Context

• These were RSUs granted and vested (not an option exercise). The Reporting Person satisfied tax obligations by remitting shares to the issuer (a common, administrative action) and sold remaining shares under a pre-established 10b5-1 trading plan (indicates the sale was preplanned, not an ad-hoc market-timing decision).
• For retail investors: purchases generally signal positive insider sentiment; this filing reflects a routine vesting/tax-withholding and planned sale rather than an outright personal purchase.