| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Class A Common Stock |
| (b) | Name of Issuer:
RingCentral, Inc. |
| (c) | Address of Issuer's Principal Executive Offices:
20 DAVIS DRIVE, BELMONT,
CALIFORNIA
, 94002. |
Item 1 Comment:
This Amendment No. 1 on Schedule 13D/A (this "Amendment") amends the Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission on May 25, 2023, as amended from time to time (the "Schedule 13D"), relating to the shares of common stock ("Common Stock"), of RingCentral, Inc., a Delaware corporation (the "Issuer"), with a class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The principal executive offices of the Issuer are located at 20 Davis Drive, Belmont, California 94002, United States. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated herein, capitalized terms used but not defined in this Amendment shall have the same meanings herein as are ascribed to such terms in the Schedule 13D. |
| Item 2. | Identity and Background |
|
| (a) | Sylebra Capital LLC ("Sylebra US") hereby files this Amendment on behalf of the Reporting Persons pursuant to the Agreement with Respect to Schedule 13D (the Joint Filing Agreement) attached to this Statement as Exhibit 1.
Sylebra US and Sylebra Capital Limited ("Sylebra HK") are the investment sub-advisers to Sylebra Capital Partners Master Fund, Ltd. ("SCP MF"), Sylebra Capital Parc Master Fund ("PARC MF"), Sylebra Capital Menlo Master Fund ("MENLO MF") and other advisory clients. The term Affiliated Investment Entities refers to SCP MF, PARC MF, MENLO MF and the other advisory clients. Sylebra Capital Management ("Sylebra Cayman") is the investment manager and parent of Sylebra HK. Sylebra Cayman owns 100% of the shares of Sylebra HK, and Daniel Patrick Gibson ("Gibson") owns 100% of the Class A shares of Sylebra Cayman and 100% of the share capital of Sylebra US. Gibson is a founder and Chief Investment Officer of Sylebra Cayman. In such capacities, Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson may be deemed to share voting and dispositive power over the shares of common stock of the Issuer held by the Affiliated Investment Entities. In addition, Gibson owns all of the outstanding equity interests in Gibsons Korner LLC ("GK LLC") and thus may be deemed to share voting and dispositive power over the shares of common stock of the Issuer held by GK LLC.
Sylebra US, Sylebra HK, Sylebra Cayman and Gibson are each referred to herein individually as a Reporting Person and collectively as the Reporting Persons. |
| (b) | SYLEBRA CAPITAL LLC - 3000 El Camino Real, Building 5, Suite 450, Palo Alto, CA 94306
Sylebra Capital Ltd - 20th Floor, 256 Hennessy Road, Wan Chai, Hong Kong
Sylebra Capital Management, Ltd - c/o Walkers Corporate Limited, 190 Elgin Avenue, George Town Grand Cayman KY1-9008, Cayman Islands
Gibson Daniel Patrick - 3000 El Camino Real, Building 5, Suite 450, Palo Alto, CA 94306 |
| (c) | SYLEBRA CAPITAL LLC - Investment Sub-Adviser
Sylebra Capital Ltd - Investment Sub-Adviser
Sylebra Capital Management, Ltd - Investment Manager
Gibson Daniel Patrick - (i) director and owner of Sylebra Capital Limited and Sylebra Capital Management and (ii) a sole member of Sylebra Capital LLC |
| (d) | SYLEBRA CAPITAL LLC - None
Sylebra Capital Ltd - None
Sylebra Capital Management, Ltd - None
Gibson Daniel Patrick - None |
| (e) | SYLEBRA CAPITAL LLC - None Sylebra Capital Ltd - None Sylebra Capital Management, Ltd - None Gibson Daniel Patrick - None |
| (f) | SYLEBRA CAPITAL LLC - Delaware, US
Sylebra Capital Ltd - Hong Kong
Sylebra Capital Management, Ltd - Cayman Islands
Gibson Daniel Patrick - Antiqua and Barbuda |
| Item 3. | Source and Amount of Funds or Other Consideration |
| | N/A as this was a disposal of securities. |
| Item 4. | Purpose of Transaction |
| | N/A as this was a disposal of securities. The Reporting Persons previously filed a Schedule 13D to report beneficial ownership of the Issuer's Common Stock, reflecting an initial intent to potentially influence the Issuer's management or policies. Subsequently, the Reporting Persons have adopted a passive investment stance. |
| Item 5. | Interest in Securities of the Issuer |
| (a) | SYLEBRA CAPITAL LLC - 3,912,007; 4.88%
Sylebra Capital Ltd - 3,912,007; 4.88%
Sylebra Capital Management, Ltd - 3,912,007; 4.88%
Gibson Daniel Patrick - 3,912,007; 4.88% |
| (b) | SYLEBRA CAPITAL LLC - 3,912,007
Sylebra Capital Ltd - 3,912,007
Sylebra Capital Management, Ltd - 3,912,007
Gibson Daniel Patrick - 3,912,007 |
| (c) | Please refer to exhibit 2 in relation to the transactions with respect to the Issuers common stock within the last 60 days by the Reporting Persons. |
| (d) | No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer's Common Stock. |
| (e) | N/A |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
| | The information provided in Items 3, 4 and 5 is hereby incorporated herein by this reference.
Except for the Joint Filing Agreement attached hereto as Exhibit 1, to the knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or, to the knowledge of any of the Reporting Persons, any other person or entity referred to in Item 2, or between such persons and any other person, with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the securities, finders fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. |
| Item 7. | Material to be Filed as Exhibits. |
| | Exhibit 1 Joint Filing Agreement, dated as of July 28, 2025 by and among the Reporting Persons. |
