ZM insider converts Class B to A, sells shares at ~$82–$83
Rhea-AI Filing Summary
Zoom Video Communications (ZM) insider activity: The company’s Chief Executive Officer and Director reported conversions of Class B into Class A shares and open‑market sales on 10/22/2025 and 10/23/2025. The insider converted 73,383 and 73,378 Class B shares into Class A at $0, then sold 44,783 at a weighted average price of $82.3428, 28,600 at $83.1394, 41,498 at $82.5982, and 31,880 at $83.1833. The sales were made under a Rule 10b5‑1 trading plan adopted on June 20, 2025. Shares were held indirectly via the 2018 Yuan and Zhang Revocable Trust. Following these transactions, the filing shows ongoing indirect beneficial ownership of Class B shares and separate RSU holdings.
Positive
- None.
Negative
- None.
Insights
CEO executed pre-planned sales via 10b5-1 after converting Class B to A; float impact modest and holdings remain large.
The filing shows the **CEO/Director** conducted transactions on
After these transactions, the filing lists **21,472,724** derivative securities beneficially owned indirectly, reflecting remaining **Class B** that is convertible 1:1 into **Class A** with no expiration, subject to the conversion conditions described. The shares involved are held via the **2018 Yuan and Zhang Revocable Trust**.
The report also discloses unvested **RSUs**: 114,844 from an award dated
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 73,378 | $0.00 | -- |
| Conversion | Class A Common Stock | 73,378 | $0.00 | -- |
| Sale | Class A Common Stock | 41,498 | $82.5982 | $3.43M |
| Sale | Class A Common Stock | 31,880 | $83.1833 | $2.65M |
| Conversion | Class B Common Stock | 73,383 | $0.00 | -- |
| Conversion | Class A Common Stock | 73,383 | $0.00 | -- |
| Sale | Class A Common Stock | 44,783 | $82.3428 | $3.69M |
| Sale | Class A Common Stock | 28,600 | $83.1394 | $2.38M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 20, 2025. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.875 to $82.87. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.875 to $83.51. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.005 to $83.00. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.005 to $83.60. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
