Zoom CEO Eric Yuan sells Class A shares near $96
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Form Type
4
Rhea-AI Filing Summary
Zoom Communications, Inc. (ZM) disclosed that Chief Executive Officer and director Eric S. Yuan, through the 2018 Yuan and Zhang Revocable Trust for which he and his spouse serve as cotrustees, converted Class B Common Stock into Class A Common Stock on September 1 and 2, 2026 and sold portions of the resulting Class A shares in indirect open-market transactions. The reported sales were executed at weighted average prices in the mid-$90 range per share and were carried out pursuant to a Rule 10b5-1 trading plan adopted by Eric Yuan on June 20, 2025.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Yuan Eric S.
Role
Chief Executive Officer
Sold
24,200 shs ($2.31M)
Approx. gross sale proceeds
$2.31M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F7, F1 | 12,100 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 12,100 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F5, F1 | 10,329 | $95.7011 | $988K |
| Sale | Class A Common Stock F2, F6, F1 | 1,771 | $96.5306 | $171K |
| Conversion | Class B Common Stock F7, F1 | 12,100 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 12,100 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3, F1 | 10,727 | $95.2696 | $1.02M |
| Sale | Class A Common Stock F2, F4, F1 | 1,373 | $95.8881 | $132K |
Holdings After Transaction:
Class B Common Stock — 20,667,885 contracts (Indirect, See footnote);
Class A Common Stock — 22,998 shares (Indirect, See footnote)
Footnotes (7)
- F1. 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.
- F2. 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.
- F3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.74 to $95.735. 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.
- F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.745 to $96.135. 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.
- F5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.18 to $96.175. 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.
- F6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.18 to $97.06. 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.
- F7. 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.
Key Figures
Class B to Class A conversion (Sept 1, 2026): 12,100 shares
Class A shares sold (Sept 1, 2026, block 1): 10,727 shares at $95.2696 per share
Class A shares sold (Sept 1, 2026, block 2): 1,373 shares at $95.8881 per share
+3 more
6 metrics
Class B to Class A conversion (Sept 1, 2026)
12,100 shares
Indirect conversion of Class B Common Stock into Class A Common Stock on September 1, 2026
Class A shares sold (Sept 1, 2026, block 1)
10,727 shares at $95.2696 per share
Indirect open-market sale at weighted average price on September 1, 2026
Class A shares sold (Sept 1, 2026, block 2)
1,373 shares at $95.8881 per share
Indirect open-market sale at weighted average price on September 1, 2026
Class B to Class A conversion (Sept 2, 2026)
12,100 shares
Indirect conversion of Class B Common Stock into Class A Common Stock on September 2, 2026
Class A shares sold (Sept 2, 2026, block 1)
10,329 shares at $95.7011 per share
Indirect open-market sale at weighted average price on September 2, 2026
Class A shares sold (Sept 2, 2026, block 2)
1,771 shares at $96.5306 per share
Indirect open-market sale at weighted average price on September 2, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class B Common Stock, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at the option"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible at the option of the Reporting Person into one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Revocable Trust financial
"the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ZM’s CEO Eric S. Yuan report in this Form 4?
Eric S. Yuan reported indirect transactions where a family trust converted Class B Common Stock into Class A Common Stock on September 1 and 2, 2026, and then sold portions of the resulting Class A shares in open-market transactions at weighted average prices in the mid-$90s.
How were Eric Yuan’s Zoom (ZM) sales structured on September 1, 2026?
On September 1, 2026, the trust converted 12,100 shares of Class B into Class A and sold 10,727 shares at a weighted average price of $95.2696 and 1,373 shares at a weighted average price of $95.8881, all held indirectly through the 2018 Yuan and Zhang Revocable Trust.
What classes of Zoom (ZM) stock were involved in Eric Yuan’s transactions?
The transactions involved Class B Common Stock being converted, at the holder’s option, into an equal number of Class A Common Stock shares, followed by sales of the resulting Class A shares. A footnote notes Class B is convertible one-for-one into Class A.
AI-generated analysis. How Rhea-AI works. Not financial advice.
