Form 4: RingCentral COO Sells Shares Under 10b5-1 Plan

RingCentral's President and COO, Kira Makagon, sold 6,495 shares of Class A Common Stock for $29.22 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Kira Makagon, President and Chief Operating Officer of RingCentral, Inc. (RNG), reported a sale of company stock.
• The transaction involved the disposition of 6,495 shares of Class A Common Stock.
• The shares were sold at a price of $29.22 per share.
• The sale occurred on December 26, 2025.
• Following this transaction, Kira Makagon directly beneficially owns 336,162 shares of Class A Common Stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on March 14, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine, pre-planned insider sale under a 10b5-1 plan, which is not typically interpreted as a strong positive or negative signal for the company's prospects.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates a structured and non-opportunistic transaction, aligning with good corporate governance practices regarding insider trading.

Negatives

• Insider sales, even when pre-planned, can sometimes be perceived by some investors as a lack of confidence, although the 10b5-1 plan mitigates this interpretation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, pre-planned insider sale under a 10b5-1 plan, which is generally not considered a significant indicator of future company performance.

Key Dates

Keywords

RingCentral, RNG, Kira Makagon, Insider Sale, Form 4, 10b5-1 Plan, Beneficial Ownership, Class A Common Stock