RNG CLUSTER SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

RNG ▲ +14.38% at T+20d

SHORT call ✗ call lost -14.38% · α vs SPY -1.64% · entry $35.20 → $40.26

Next anchor: T+60d in 8d

Last close $38.64 (close Jun 12) · -9.77% from $35.20 entry (call sign-flipped)

Entry anchored
Mar 26, 03:59 PM ET
via Databento tick

T+1d

+2.41%

call -2.41% · α -2.77%

$36.05

settled 3mo ago

T+5d

+7.87%

call -7.87% · α -4.01%

$37.97

settled 2mo ago

T+20d

+14.38%

call -14.38% · α -1.64%

$40.26

settled 7w ago

T+60d

—

call — · α —

—

in 8d

Price Chart

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Executive Summary

Two RingCentral insiders, including President and COO Kira Makagon, sold shares in a $1.44M insider trading cluster over the past week. The sales were open-market transactions, with Makagon accounting for 96% of the total value.

Key Financial Metrics

Direction

selling

Total Value

$1.4M

Insiders

2

Actionable Insight

The scale and leadership level of the COO's sale is notable and may signal reduced confidence ahead of earnings or strategic updates. Monitor for follow-up filings or news that could explain the timing, especially given the concentrated nature of the selling.

Key Facts

President and COO Kira Makagon sold 39,100 shares for $1.39M in open-market transactions on March 27, 2026.
Director Shenkan Amy Guggenheim sold 1,264 shares for $47,937 on April 2, 2026.
Total cluster value is $1.44M, representing 0.045% of RingCentral’s $3.2B market cap.
All transactions were open-market sales (Form 4 codes 'S'), indicating deliberate divestment.

Financial Impact

$1.44M in insider sales over 7 days, with 96% from the COO

insider ownershipinvestor sentimentperceived confidence in near-term outlook

Risk Factors

Insider selling can precede negative news or downward revisions in guidance.
High concentration of selling from a top executive increases perception risk, even if the dollar amount is modest relative to market cap.

Market Snapshot

Exchange

NYSE

Sector

Services-Computer Processing & Data Preparation

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-RNG-1775247365033

7 reports for RNG

T+1T+5T+20T+60

33% Hit rate 1 of 3 directional calls best @ T+1▲ +12.25%Feb 20, 2026

Filters

Reports for RNG — sortable, filterable
	Type				Now
Jun 11, 2026 3d ago	Institutional Cluster MIXED ★ 4/10	$38.51 awaiting T+5	awaiting T+5	—	$38.64 (+0.34%)
May 28, 2026 17d ago	Insider Cluster NEUTRAL ★ 3/10	$43.30 $43.97	▲ +1.54%	▲ +1.84%	$38.64 (−10.77%)
Apr 21, 2026 7w ago	Insider Cluster NEUTRAL ★ 2/10	$40.03 $45.58	▲ +13.86%	▲ +10.75%	$38.64 (−3.48%)
Mar 27, 2026 11w ago	Insider Cluster BEARISH ★ 6/10	$35.20 $37.97	▼ −7.87%	▼ −4.01%	$38.64 (−9.77%)
Feb 23, 2026 16w ago	Insider Cluster BEARISH ★ 6/10	$34.37 $36.01	▼ −4.77%	▼ −4.15%	$38.64 (−12.42%)
Feb 23, 2026 16w ago	Insider Cluster BEARISH ★ 6/10	$34.37 $36.01	▼ −4.77%	▼ −4.15%	$38.64 (−12.42%)
Feb 20, 2026 16w ago	Insider Cluster BEARISH ★ 7/10	$39.17 $36.19	▲ +7.61%	▲ +7.16%	$38.64 (+1.36%)

US Market Status

Market Closed — Opens in 4h 39m

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