RingCentral COO Makagon Sells 36,185 Shares for $2.5 Million
Sale executed under pre-established Rule 10b5-1 trading plan; Makagon retains a substantial stake worth about $18 million.
Overview
Kira Makagon, President and COO of RingCentral, Inc. (NYSE:RNG), sold 36,185 shares of Class A Common Stock on Sept. 14, 2026, for approximately $2.5 million, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($70.11); post-transaction value based on Sept. 14, 2026, market close ($72.32).
Details
RingCentral is a leading cloud communications platform provider with a market capitalization of $6.1 billion and TTM revenue of $2.6 billion, serving thousands of organizations through its comprehensive unified communications and contact center solutions.
Source
Originally published at www.fool.com.