Form 4: RingCentral President and COO Sells Over 21,000 Shares Under Pre-Arranged Trading Plan

RingCentral's President and COO, Kira Makagon, sold 21,185 shares of Class A Common Stock for a weighted average price of $27.688 per share, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• Kira Makagon, President and Chief Operating Officer of RingCentral, Inc. (RNG), sold 21,185 shares of the company's Class A Common Stock.
• The transaction occurred on June 27, 2025.
• The shares were sold at a weighted average price of $27.688 per share, with individual transaction prices ranging from $27.538 to $27.84.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Ms. Makagon on March 14, 2025.
• Following this reported transaction, Ms. Makagon beneficially owns 413,131 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine insider transaction disclosure (Form 4) for a pre-arranged sale under a 10b5-1 plan, which is generally considered neutral in terms of company sentiment as it's a planned liquidity event rather than a reaction to new information.

Future Outlook

NA

Industry Context

This document is a standard insider transaction report and does not provide information related to broader industry trends or competitors.

Related Party Transactions

• Sale of 21,185 shares of Class A Common Stock by Kira Makagon, President and COO, to the open market.

Stakeholder Impact

• Shareholders: Disclosure of insider selling, which is a routine liquidity event when executed under a pre-arranged 10b5-1 plan.

Key Dates

Keywords

RingCentral, RNG, Insider Trading, Form 4, Stock Sale, Kira Makagon, 10b5-1 Plan, Corporate Officer, Equity Transaction