Agarwal Vaibhav 4

What Happened
Vaibhav Agarwal, Chief Financial Officer of RingCentral, disposed of a total of 8,235 shares in two transactions: 4,191 shares were remitted to the company to satisfy tax-withholding obligations at $43.51/share ($182,350) on May 20, 2026, and 4,044 shares were sold in the open market at $42.06/share ($170,083) on May 21, 2026. Combined proceeds were about $352,433. These are dispositions (sales/surrenders), which are often routine (tax withholding and a pre-set trading plan).

Key Details

• Transaction dates and amounts:
  • 2026-05-20: 4,191 shares remitted to issuer for tax withholding @ $43.51 = $182,350 (exempt disposition to issuer under Rule 16b-3(e)).
  • 2026-05-21: 4,044 shares sold open-market @ $42.06 = $170,083 (sale pursuant to a Rule 10b5-1 plan).
• 10b5-1 plan adoption date: September 15, 2025 (per footnote).
• Shares owned after the transactions: not specified in the filing.
• Filing date: May 22, 2026 — appears timely (no late filing indicated).

Context
The May 20 remittance was a tax-withholding action related to RSU vesting (shares surrendered to the issuer), not an open-market sale. The May 21 sale was executed under a pre-established Rule 10b5-1 plan, meaning it was a pre-planned disposition. Sales and tax-withholdings are common and don't necessarily reflect a change in the insider's view of the company.