Tarun Arora Sells 1,876 Shares of RingCentral (NYSE:RNG) Stock
MarketBeat
RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 1,876 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $65.26, for a total transaction of $122,427.76. Following the completion of the transaction, the chief accounting officer owned 80,384 shares in the company, valued at approximately $5,245,859.84. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NYSE:RNG
