Arora Tarun 4

What Happened

• Tarun Arora, Chief Accounting Officer of RingCentral, remitted 3,747 shares to the company on 2026-05-20 to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The disposition is reported as Code F (payment of tax liability) at $43.51 per share, a total value of approximately $163,032. This was an exempt in-kind disposition to the issuer under Rule 16b-3(e), not an open-market sale.

Key Details

• Transaction date and price: 2026-05-20 — 3,747 shares at $43.51 each (total ≈ $163,032).
• Transaction code: F — payment of tax liability / tax withholding on vested RSUs.
• Footnote: Exempt disposition to issuer under Rule 16b-3(e); shares were remitted to satisfy tax withholding on RSU vesting.
• Shares owned after transaction: Not specified in the provided Form 4.
• Filing timeliness: Report filed 2026-05-22 (within the normal 2-business-day Form 4 filing window).

Context

• This was a routine tax-withholding disposition tied to RSU vesting, not a discretionary open-market sale. Such remittances are common and generally reflect tax obligations rather than a deliberate signal about the insider’s view of the stock. Purchases by insiders typically carry more weight for interpreting sentiment.