other material
confidence high
sentiment neutral
materiality 0.35
RingCentral updates share repurchase; retires 419,214 shares for ~$20M from July-Aug 2022; $55M remaining
RingCentral, Inc.
- Repurchased and retired 419,214 shares of Class A common stock for ~$20 million from July 1 to August 24, 2022.
- Approximately $55 million remains available under the $100 million share repurchase authorization announced December 13, 2021.
- Filed a prospectus supplement (dated Aug 19, 2022) for the resale of shares by a stockholder, with related legal opinion as Exhibit 5.1.