Form 4: RingCentral's President and COO, Kira Makagon, Reports Changes in Beneficial Ownership

Kira Makagon, President and COO of RingCentral, reports the acquisition and disposition of Class A Common Stock and Restricted Stock Units.

Summary

• On May 20, 2025, Kira Makagon, President and COO of RingCentral, reported changes in beneficial ownership of RingCentral securities.
• Makagon acquired 211,141 shares of Class A Common Stock through Restricted Stock Units (RSUs).
• These RSUs will vest in equal quarterly installments over a four-year period starting on or after June 1, 2025.
• Makagon also disposed of 12,844 shares of Class A Common Stock at a price of $27.34 per share to satisfy tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Makagon beneficially owns 441,017 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations.

Future Outlook

The reported transactions reflect the ongoing vesting of previously granted RSUs, indicating continued alignment of executive compensation with company performance over the vesting period.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests. These filings are closely monitored by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

RingCentral, Kira Makagon, beneficial ownership, Form 4, securities, RSUs, Class A Common Stock, insider trading