Agarwal Vaibhav 4

What Happened
Vaibhav Agarwal, Chief Financial Officer of RingCentral (RNG), was reported on Form 4 as receiving a grant of 51,450 Restricted Stock Units (RSUs) and disposing of shares to cover taxes and via an open‑market sale. The filing shows: an award of 51,450 RSUs (recorded 2026-05-29, $0.00 value); 7,302 shares remitted to the issuer to satisfy tax withholding at $49.10 per share (total ≈ $358,528) on 2026-06-01; and an open‑market sale of 7,047 shares at $46.17 per share (total ≈ $325,353) on 2026-06-02. These are sales (routine liquidity/tax actions) rather than purchases.

Key Details

• Transaction dates and prices:
  • 2026-05-29: Awarded 51,450 RSUs (@ $0.00).
  • 2026-06-01: Remitted 7,302 shares for tax withholding (@ $49.10) — $358,528.
  • 2026-06-02: Open‑market sale of 7,047 shares (@ $46.17) — $325,353.
• Shares owned after transaction: Not specified in this Form 4.
• Notable footnotes:
  • RSUs vest in equal quarterly installments over two years beginning June 1, 2026 (F1).
  • The 7,302‑share disposition was an exempt issuer remittance to satisfy tax withholding on vesting (F2).
  • The 7,047‑share sale was executed under a prearranged Rule 10b5‑1 trading plan adopted Sept 15, 2025 (F3).
• Filing: Form 4 filed 2026-06-02 for reportable events through 2026-05-29; filing appears timely under Form 4 reporting rules.

Context
RSU grants are awards that generally vest over time; the filing’s RSUs begin quarterly vesting June 1, 2026. The remittance of shares to the issuer is a common way to satisfy withholding obligations and does not necessarily indicate a change in view on the company. The open‑market sale was made under a preplanned 10b5‑1 program, which typically means the trade was pre‑scheduled. These transactions are routine insider liquidity and tax‑related events — factual disclosures, not commentary on company performance.