The COO's large open-market sale without a disclosed 10b5-1 plan is a bearish signal. Monitor for any upcoming earnings pre-announcement or material change in business outlook that may have prompted the sale.
Price Chart
Executive Summary
Two RingCentral insiders, including President and COO Kira Makagon, sold a combined $2.64M in open-market sales over a one-week window. Makagon's $2.54M sale is the dominant transaction, representing approximately 0.8% of the company's market cap, which is a notable insider selling event.
Key Financial Metrics
Key Facts
- President and COO Kira Makagon sold 36.2K shares for $2.54M on 2026-09-14 at ~$70.11/share.
- Chief Accounting Officer Tarun Arora sold 1.5K shares for $104K on 2026-09-09 at ~$69.69/share.
- Total insider sales of $2.64M represent approximately 0.8% of RingCentral's market cap.
- Both sales are open-market (code S) with no indication of a 10b5-1 trading plan.
Financial Impact
Total insider sales of $2.64M, approximately 0.8% of market cap.
Risk Factors
- Insider sales may signal management's view that the stock is fully valued or that headwinds are emerging.
- Lack of 10b5-1 plan disclosure increases the likelihood the sale was discretionary and potentially informed.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RNG-1789599638468 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $89.82 | awaiting T+1 | — | $83.39 (−7.16%) |
Oct 9, 2026 16d ago | 8-K | $78.17 $78.69 | ▲ +0.67% | ▲ +0.68% | $83.39 (+6.68%) |
Sep 16, 2026 5w ago | Insider Cluster | $74.78 $71.86 | ▲ +3.90% | ▲ +4.03% | $83.39 (−11.51%) |
Sep 11, 2026 6w ago | Insider Cluster | $72.32 $72.43 | ▲ +0.15% | ▲ +0.61% | $83.39 (+15.31%) |
Sep 3, 2026 7w ago | Insider Cluster | $73.39 $70.19 | ▼ −4.36% | ▼ −3.81% | $83.39 (+13.63%) |
Sep 1, 2026 7w ago | Insider Cluster | $72.58 $76.36 | ▲ +5.21% | ▲ +4.16% | $83.39 (+14.89%) |
Aug 25, 2026 8w ago | Insider Cluster | $66.06 $68.53 | ▲ +3.74% | ▲ +3.08% | $83.39 (+26.23%) |
Aug 24, 2026 8w ago | Insider Cluster | $65.61 $66.06 | ▼ −0.69% | ▼ −0.66% | $83.39 (−27.10%) |
Jul 2, 2026 16w ago | Insider Cluster | $40.01 $39.24 | ▼ −1.92% | ▼ −2.80% | $83.39 (+108.42%) |
Jun 11, 2026 19w ago | Institutional Cluster | $37.67 $38.64 | ▲ +2.58% | ▲ +2.03% | $83.39 (+121.37%) |
US Market Status
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