RNG RingCentral, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $83M, Q2 2025: $82M, Q1 2025: $80M, Q3 2024: $75M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $83M vs trailing avg $79M (+5%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $320M / FCF $174M = 183% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are insider purchases happening during the same quarters the company is actively buying back stock?

Need both buyback and insider purchase data

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $10M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 9615564.9x more than bought. 4 C-suite officers among sellers

• Arora Tarun (Chief Accounting Officer) sold 8,840 shares on 2026-03-10
• Arora Tarun (Chief Accounting Officer) sold 1,100 shares on 2026-03-03
• Arora Tarun (Chief Accounting Officer) sold 2,623 shares on 2026-03-03
• Agarwal Vaibhav (Chief Financial Officer) sold 18,680 shares on 2026-03-02
• Makagon Kira (President and COO) sold 22,013 shares on 2026-02-27
• Makagon Kira (President and COO) sold 183 shares on 2026-02-27
• Arora Tarun (Chief Accounting Officer) sold 773 shares on 2026-02-26
• Agarwal Vaibhav (Chief Financial Officer) sold 4,093 shares on 2026-02-23
• Agarwal Vaibhav (Chief Financial Officer) sold 4,351 shares on 2026-02-23
• Agarwal Vaibhav (Chief Financial Officer) sold 1,100 shares on 2026-02-23