Arora Tarun 4
4 · RingCentral, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
RingCentral (RNG) CAO Tarun Arora Receives RSU Award
What Happened
Tarun Arora, RingCentral's Chief Accounting Officer, was granted 1,808 restricted stock units (RSUs) that were fully vested as of the grant date (reported as an acquisition on 2026-05-15). To satisfy tax withholding on the vesting, Arora remitted 889 shares back to the issuer at $41.05 per share (a disposition totaling $36,493).
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely filing).
- Award: 1,808 RSUs reported as an acquisition (Grant/vest) at $0.00 on the Form 4 (footnote: RSUs fully vested and granted in lieu of a Q1 2026 cash bonus).
- Tax withholding: 889 shares were remitted to the issuer under Rule 16b-3(e) at $41.05/share, totaling $36,493 (coded F for tax withholding).
- Additional note: Footnote indicates 923 shares were acquired under the company’s Employee Stock Purchase Plan on May 12, 2026 and are included in the reporting context.
- Shares owned after transaction: not specified in the supplied details.
Context
This was principally an RSU vesting (an award/acquisition), with a routine share surrender to cover tax withholding — a common, non-speculative administrative step. The remittance of shares for taxes (often called a cashless withholding) should not be interpreted as a market-based sale signal.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-05-15+1,808→ 77,270 total - Tax Payment
Class A Common Stock
[F3]2026-05-15$41.05/sh−889$36,493→ 76,381 total
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") that were fully vested as of the grant date. These RSUs were granted pursuant to the Issuer's Key Employee Equity Bonus Plan, in lieu of a cash bonus earned for the first quarter of 2026.
- [F2]Includes 923 shares acquired under the Issuer's Employee Stock Purchase Plan on May 12, 2026.
- [F3]In an exempt disposition to the issuer under Rule 16b-3(e), the Reporting Person remitted shares to the issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.