RingCentral Inc
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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 September 30, 2024 (in thousands, except per-share amounts):
| Period · Total number of shares purchased · Average price paid per share (2) · Total number of shares purchased as part of publicly announced plans or programs · Approximate dollar value of shares that may yet be purchased under the programs (1) (3) | ||||||
|---|---|---|---|---|---|---|
| Balance as of June 30, 2024 | $325,952 | |||||
| July 1, 2024 to July 31, 2024 | 884,450 | $31.27 | 884,450 | 298,484 | ||
| August 1, 2024 to August 31, 2024 | 818,373 | $33.52 | 818,373 | 271,062 | ||
| September 1, 2024 to September 30, 2024 | 945,858 | $29.93 | 945,858 | 242,765 | ||
| Balance as of September 30, 2024 | 2,648,681 | 2,648,681 | $242,765 | |||
(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’ Deficit in 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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