Arora Tarun 4

What Happened
Tarun Arora, RingCentral's Chief Accounting Officer, was granted 1,653 restricted stock units (RSUs) that vested on 2026-02-17 as an award in lieu of a Q4 2025 cash bonus. Per the filing, 880 shares were surrendered to RingCentral to satisfy tax withholding obligations at $29.00 per share (cash value remitted: $25,520). The RSUs were granted at $0 cost (typical for RSUs) and, after withholding, would result in 773 net shares issued to Arora (1,653 granted − 880 withheld).

Key Details

• Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-19). Filing appears timely.
• Award: 1,653 RSUs granted/vested (code A). Grant price: $0.00. Implied gross value at $29/share ≈ $47,937.
• Tax withholding: 880 shares remitted at $29.00 (code F) = $25,520. This was an exempt disposition to the issuer under Rule 16b-3(e).
• Net shares delivered to insider: 773 (1,653 − 880).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 confirms these RSUs were fully vested and granted under the issuer’s Key Employee Equity Bonus Plan in lieu of a cash bonus; F2 explains the share remittance was to satisfy withholding obligations.

Context
This transaction is a routine compensation event (vested RSUs issued and shares withheld for taxes), not an open-market sale or purchase. Such withholding is common when RSUs vest and does not by itself indicate a buy/sell signal about the insider’s view of the company.