RingCentral, Inc. — Director's Dealing 2020

May 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RingCentral, Inc. (RNG)
CIK: 0001384905
Period of Report: 2020-05-21

Reporting Person: Shmunis Vladimir (Director, CEO & Chairman)
Reporting Person: Shmunis Sandra (Wife of Reporting Person)
Reporting Person: ELCA Fund I, LP (Controlled by Reporting Person)
Reporting Person: ELCA Fund II, LP (Controlled by Reporting Person)
Reporting Person: ELCA Fund III, LP (Controlled by Reporting Person)
Reporting Person: ELCA, LLC (Controlled by Reporting Person)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-21	Class A Common Stock	M	25000	$17.13	Acquired	242317	Direct
2020-05-21	Class A Common Stock	S	1162	$255.36	Disposed	241155	Direct
2020-05-21	Class A Common Stock	S	1945	$256.63	Disposed	239210	Direct
2020-05-21	Class A Common Stock	S	5745	$257.40	Disposed	233465	Direct
2020-05-21	Class A Common Stock	S	3055	$258.57	Disposed	230410	Direct
2020-05-21	Class A Common Stock	S	4611	$259.44	Disposed	225799	Direct
2020-05-21	Class A Common Stock	S	3330	$260.62	Disposed	222469	Direct
2020-05-21	Class A Common Stock	S	5152	$261.39	Disposed	217317	Direct
2020-05-21	Class A Common Stock	S	748	$255.36	Disposed	31252	Indirect
2020-05-21	Class A Common Stock	S	1252	$256.63	Disposed	30000	Indirect
2020-05-21	Class A Common Stock	S	3668	$257.40	Disposed	26332	Indirect
2020-05-21	Class A Common Stock	S	1952	$258.57	Disposed	24380	Indirect
2020-05-21	Class A Common Stock	S	2970	$259.44	Disposed	21410	Indirect
2020-05-21	Class A Common Stock	S	2133	$260.62	Disposed	19277	Indirect
2020-05-21	Class A Common Stock	S	3277	$261.39	Disposed	16000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-21	Stock Option (right to buy)	$17.13	M	25000	Disposed	2022-05-01	Class A Common Stock (25000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (5631107)	5631107	Indirect
Class B Common Stock	$		Class A Common Stock (6690)	6690	Indirect
Class B Common Stock	$		Class A Common Stock (6690)	6690	Indirect
Class B Common Stock	$		Class A Common Stock (621)	621	Indirect
Class B Common Stock	$		Class A Common Stock (510)	510	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2019.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $255.00 to $255.98, 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 (8) to this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.00 to $256.98, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.00 to $257.99, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.00 to $258.92, inclusive.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.035 to $260.02, inclusive.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.06 to $261.04, inclusive.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.07 to $261.96, inclusive.

F9: Vladimir Shmunis and Sandra Shmunis are the managing members of ELCA, LLC. ELCA, LLC is the general partner of ELCA Fund I, L.P., ELCA Fund II, L.P., and ELCA Fund III, L.P. By virtue of this relationship, Mr. Shmunis and Mrs. Shmunis may be deemed to share voting and dispositive power with respect to the shares held by ELCA Fund I, L.P., and certain of the shares held by ELCA Fund II, L.P. and ELCA Fund III, L.P. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F10: Shares subject to the option were fully vested and immediately exercisable.

F11: Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.

F12: Shares are held by the Shmunis Revocable Trust dated June 9, 1998, as amended, for which Vladimir Shmunis and Sandra Shmunis are trustees and beneficiaries.