RingCentral Chief Accounting Officer Sells 5,623 Shares
The disposition included tax withholding shares and pre-scheduled open-market sales under a Rule 10b5-1 plan.
Overview
Tarun Arora, Chief Accounting Officer of RingCentral, Inc. (NYSE:RNG), reported the disposition of 5,623 shares of Class A Common Stock on August 20 and August 21, 2026, according to a SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($65.47); post-transaction value based on August 21, 2026 market close ($67.01).
Details
RingCentral is a leading cloud-based communications platform provider with approximately 7,378 employees and a market capitalization of $5.8 billion. The company has demonstrated significant growth momentum, with TTM revenue of $2.6 billion and net income of $110.3 million, reflecting strong operational leverage in its SaaS business model.
Source
Originally published at www.fool.com.