RingCentral CEO Shmunis Amends Beneficial Ownership Filing

TL;DR

**RingCentral CEO Shmunis updated his ownership stake, showing his continued significant holding.**

AI Summary

Vladimir Shmunis, Chairman and CEO of RingCentral, Inc., along with his affiliated entities, filed an amended SC 13G/A on February 6, 2024, disclosing their beneficial ownership of RingCentral Class A Common Stock as of December 31, 2023. This filing, Amendment No. 10, indicates a change in their reported holdings, which is important for investors as it provides transparency into the ownership structure by a key insider and can signal their confidence in the company's future.

Why It Matters

This filing updates the public on the beneficial ownership of RingCentral's Class A Common Stock by its Chairman and CEO, Vladimir Shmunis, and related entities, offering insight into a significant insider's stake.

Risk Assessment

Risk Level: low — This filing is a routine update on beneficial ownership by an insider and does not inherently signal new risks, but rather provides transparency.

Analyst Insight

Investors should note that a key insider, Vladimir Shmunis, continues to hold a significant stake in RingCentral, which can be interpreted as a sign of long-term commitment, but this filing alone doesn't provide new actionable trading signals beyond ownership transparency.

Key Players & Entities

• Vladimir Shmunis (person) — Chairman and CEO of RingCentral, Inc. and reporting person
• RingCentral, Inc. (company) — The subject company whose Class A Common Stock is being reported
• Sandra Shmunis (person) — Associated with various trusts listed as group members
• ELCA FUND I, L.P. (company) — Group member associated with the reporting person
• ELCA FUND II, L.P. (company) — Group member associated with the reporting person
• ELCA FUND III, L.P. (company) — Group member associated with the reporting person
• ELCA, LLC (company) — Group member associated with the reporting person
• SO INCLINED PHILANTHROPIC FOUNDATION (company) — Group member associated with the reporting person

FAQ

Filing Documents

• rng-20240206xsc13gamdno10.htm (SC 13G/A) — 308KB
• rng-20240206x13gno10ex991.htm (EX-99.1) — 30KB
• 0001586647-24-000003.txt ( ) — 340KB

From the Filing

SC 13G/A 1 rng-20240206xsc13gamdno10.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 10)* RINGCENTRAL, INC. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 76680R206 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed Rule 13d-1(b) Rule 13d-1(c) x Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 76680R206 1. Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only) VLADIMIR SHMUNIS 2. Check the appropriate box if a member of a group (see instructions) (a) (b) 3. SEC use only 4. Citizenship or place of organization United States Number of shares beneficially owned by each reporting person with 5. Sole voting power 1,067,724 (1) 6. Shared voting power 3,553,286 (2)(4)(5) 7. Sole dispositive power 1,067,724 (1) 8. Shared dispositive power 3,612,286 (2)(3)(4)(5) 9. Aggregate amount beneficially owned by each reporting person 4,680,010 (1)(2)(3)(4)(5) 10. Check if the aggregate amount in Row (9) excludes certain shares (see instructions) 11. Percent of class represented by amount in Row (9) 5.3% (4)(5)(6) 12. Type of reporting person (see instructions) IN (1) Consists of (i) 19,003 shares of Class A Common Stock, (ii) 48,721 shares of Class A Common Stock subject to a restricted stock agreement that are scheduled to vest within 60 days of December 31, 2023 and (iii) 1,000,000 shares of Class B Common Stock held of record by Vladimir Shmunis TR UA March 14, 2023 Vladimir Shmunis 2023 Grantor Retained Annuity Trust. (2) Consists of (i) 3,471,618 shares of Class B Common Stock and (ii) 81,668 shares of Class A Common Stock. (3) Consists of 59,000 shares of Class A Common Stock. (4) 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. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon (i) the date specified by affirmative vote or written consent of the holders of at least 67% of the outstanding shares of Class B Common Stock or (ii) any transfer, whether or not for value, except for certain transfers described in our certificate of incorporation, including, without limitation, transfers for tax and estate planning purposes, so long as the transferring holder of Class B Common Stock continues to hold exclusive voting and dispositive power with respect to the shares transferred. The Class B Common Stock will convert automatically into Class A Common Stock on the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock. The rights of the holders of Class A Common Stock and Class B Common Stock are identical, except with respect to conversion rights (noted above) and voting rights. Each share of Class B Common Stock is entitled to ten votes per share, whereas each share of Class A Common Stock is entitled to one vote per share. 2 (5) Assumes conversion of all such reporting person's Class B Common Stock into Class A Common Stock. (6) Based on the quotient obtained by dividing (a) the aggregate number of shares of Class A Common Stock and Class B Common Stock beneficially owned by the Reporting Person as set forth in Row 9 by (b) the sum of (i) 83,543,267 shares of Class A Common Stock outstanding as of December 31, 2023, as reported by the Issuer to the Reporting Person, and (ii) the aggregate number of shares of Class B Common Stock beneficially owned by the Reporting Person, and (iii) 48,721 shares of Class A Common Stock underlying restricted stock units subject to a restricted stock agreement that are scheduled to vest within 60 days of December 31, 2023. The aggregate number of shares of Class B Common Stock beneficially owned by the Reporting Person as set forth in clauses "(a)" and "(b)" of this footnote are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person. 3 CUSIP No. 76680R206 1. Names of reporting persons. I.R.S. Ide

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