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. Q1 2026: $50M, Q3 2025: $83M, Q2 2025: $82M, Q1 2025: $80M

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

Latest quarter $50M vs trailing avg $82M (-39%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-122M), buybacks not supported by cash flow

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 both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $5M in the last 90 days (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 22070293.7x more than bought. 4 C-suite officers among sellers

• Shmunis Vladimir (CEO and Chairman) sold 14,832 shares on 2026-06-15
• Shmunis Vladimir (CEO and Chairman) sold 724 shares on 2026-06-15
• Shmunis Vladimir (CEO and Chairman) sold 10,105 shares on 2026-06-16
• Shmunis Vladimir (CEO and Chairman) sold 1,591 shares on 2026-06-16
• Arora Tarun (Chief Accounting Officer) sold 4,171 shares on 2026-06-10
• Agarwal Vaibhav (Chief Financial Officer) sold 7,047 shares on 2026-06-02
• Arora Tarun (Chief Accounting Officer) sold 1,100 shares on 2026-05-29
• Arora Tarun (Chief Accounting Officer) sold 2,515 shares on 2026-05-29
• Makagon Kira (President and COO) sold 11,378 shares on 2026-05-27
• Makagon Kira (President and COO) sold 5,610 shares on 2026-05-27