RingCentral (NYSE: RNG) COO logs 50,710-share Rule 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RingCentral, Inc. President and COO Kira Makagon reported open-market sales of 50,710 shares of Class A Common Stock on March 26–27, 2026. The sales were executed under a Rule 10b5-1 trading plan adopted on March 14, 2025.
Sale prices were reported as weighted averages, with transactions occurring within price ranges from about $35.00 to $36.68 per share. Following these transactions, Makagon directly holds 242,585 RingCentral Class A shares, indicating she retains a substantial equity stake after the planned sales.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50,710 shares ($1,815,295)
Net Sell
4 txns
Insider
Makagon Kira
Role
President and COO
Sold
50,710 shs ($1.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 39,058 | $35.676 | $1.39M |
| Sale | Class A Common Stock | 5,782 | $36.541 | $211K |
| Sale | Class A Common Stock | 3,800 | $35.652 | $135K |
| Sale | Class A Common Stock | 2,070 | $36.282 | $75K |
Holdings After Transaction:
Class A Common Stock — 248,367 shares (Direct)
Footnotes (1)
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.17 to $36.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.175 to $36.38, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.98, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.01 to $36.68, inclusive.
FAQ
What insider transactions did RingCentral (RNG) report for Kira Makagon?
RingCentral reported that President and COO Kira Makagon sold 50,710 shares of Class A Common Stock in four open-market transactions on March 26–27, 2026. These trades were disclosed on a Form 4 insider filing and reflect routine equity activity by a senior executive.
Were Kira Makagon’s RingCentral (RNG) stock sales under a Rule 10b5-1 plan?
Yes. A footnote explains the sale was effected under a Rule 10b5-1 trading plan adopted on March 14, 2025. Such plans pre-schedule trades, making the timing more mechanical and reducing the likelihood that sales reflect short-term views on the stock.
What is the significance of weighted average prices in this RingCentral (RNG) Form 4?
The Form 4 reports weighted average sale prices because each transaction consisted of multiple trades within a price range. The filing notes that detailed per-trade pricing information is available on request, which is standard practice when aggregating many small executions into one reported line.