RingCentral Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table summarizes the share repurchase activity of our Class A Common Stock for the three months ended June 30, 2024 (in thousands, except per-share amounts):
| Period · Total number of shares purchased (1) · Average price paid per share (2) · Total number of shares purchased as part of publicly announced plans or programs (1) · Approximate dollar value of shares that may yet be purchased under the programs (1) (3) | ||||||
|---|---|---|---|---|---|---|
| Balance as of March 31, 2024 | $154,689 | |||||
| Authorization of additional share repurchase program | 250,000 | |||||
| April 1, 2024 to April 30, 2024 | 876,140 | $31.43 | 876,140 | 377,208 | ||
| May 1, 2024 to May 31, 2024 | 803,308 | $34.41 | 803,308 | 349,709 | ||
| June 1, 2024 to June 30, 2024 | 783,923 | $30.61 | 783,923 | 325,952 | ||
| Balance as of June 30, 2024 | 2,463,371 | 2,463,371 | $325,952 | |||
(1)In May 2024, our board of directors authorized an incremental $250.0 million share repurchase program, subject to certain limitations. The authorization under this program does not expire. Refer to Note 11, Stockholders’ Deficitin the accompanying notes to the Condensed Consolidated Financial Statements included in Part I, Item 1, of this Quarterly Report on Form 10-Q for additional information.
(2)Average price per share excludes excise taxes and broker’s commissions.
(3)Amounts presented excludes excise taxes and broker’s commissions on share repurchases.
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