Arora Tarun 4

What Happened

• Tarun Arora, RingCentral's Chief Accounting Officer, was granted 11,685 performance-based restricted stock units (PSUs) on Feb 10, 2026. The Form 4 reports an acquisition price of $0.00 (an award), so no cash was paid for these shares. The reported PSUs were certified as above-target achievement for 2025 performance and will vest on March 1, 2026.

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
• Transaction type/code: Award / Grant (A).
• Shares awarded: 11,685 PSUs; reported acquisition price $0.00 (total reported cash cost $0).
• Vesting: All 11,685 reported PSUs vest on March 1, 2026.
• Footnote: These shares represent the above‑target portion of the first tranche of PSUs granted May 20, 2025, certified by the Compensation Committee on Feb 10, 2026. Remaining PSUs from that award will vest based on 2026 performance.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• PSUs are performance‑based restricted stock units: the actual shares depend on achievement of specified performance goals. This transaction is an award (compensation), not an open-market purchase or sale, and does not by itself signal an insider buying or selling stock. The award vests soon (March 1, 2026) subject to the stated performance certification.