Zoom executive sells 7,645 shares in pre-set plan
Rhea-AI Filing Summary
Zoom Communications, Inc. President of Engineering & Product Sankarlingam Velchamy reported open-market sales of a total of 7,645 shares of Class A Common Stock on April 15, 2026, in three transactions at weighted average prices around $84–$86 per share, under a pre-arranged Rule 10b5-1 trading plan.
After these sales, Velchamy holds 141,971 shares directly. The filing also shows indirect ownership of 36,060 shares through the Velchamy Family Trust and 2,000 shares each held by Harshini, Ashwini, and Janani Velchamy. A prior Form 4 is amended to correct a double-counting of 42,060 shares between direct and indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,645 shares
Net Sell
7 txns
Insider
Sankarlingam Velchamy
Role
Pres. of Engineering & Product
Sold
7,645 shs ($653K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,947 | $83.7979 | $163K |
| Sale | Class A Common Stock | 1,000 | $85.1455 | $85K |
| Sale | Class A Common Stock | 4,698 | $86.1836 | $405K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 141,971 shares (Direct);
Class A Common Stock — 36,060 shares (Indirect, Velchamy Family Trust);
Class A Common Stock — 2,000 shares (Indirect, By Harshini Velchamy);
Class A Common Stock — 2,000 shares (Indirect, By Ashwini Velchamy);
Class A Common Stock — 2,000 shares (Indirect, By Janani Velchamy)
Footnotes (5)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.335 to $84.11. 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.
- F3. Reflects the removal of 42,060 shares that were inadvertently included in both the Reporting Persons direct and indirect holdings, but should have been included solely in the Reporting Person's indirect holdings, in the Form 4 filed on April 13, 2026, which report is deemed amended hereby.
- F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.60 to $85.56. 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 $85.83 to $86.42. 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.
Key Figures
Shares sold: 7,645 shares
Sale tranche 1 price: $83.7979/share
Sale tranche 2 price: $85.1455/share
+5 more
8 metrics
Shares sold
7,645 shares
Total Class A Common Stock sold on April 15, 2026
Sale tranche 1 price
$83.7979/share
Weighted average for 1,947 shares sold on April 15, 2026
Sale tranche 2 price
$85.1455/share
Weighted average for 1,000 shares sold on April 15, 2026
Sale tranche 3 price
$86.1836/share
Weighted average for 4,698 shares sold on April 15, 2026
Direct holdings after sale
141,971 shares
Class A Common Stock held directly after April 15, 2026
Trust holdings
36,060 shares
Indirectly held via Velchamy Family Trust as of April 15, 2026
Each family member’s holdings
2,000 shares
Indirect holdings by Harshini, Ashwini, and Janani Velchamy each
Previously double-counted shares
42,060 shares
Removed from direct and left only in indirect holdings in amendment
Key Terms
Rule 10b5-1 trading plan, weighted average price, indirect holdings, Velchamy Family Trust, +1 more
5 terms
Rule 10b5-1 trading plan financial
"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.
indirect holdings financial
"included in both the Reporting Persons direct and indirect holdings, but should have been included solely in the Reporting Person's indirect holdings"
Velchamy Family Trust financial
"nature_of_ownership": "Velchamy Family Trust""
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ZM executive Sankarlingam Velchamy report?
Sankarlingam Velchamy reported selling 7,645 shares of Zoom Class A Common Stock in three open-market transactions on April 15, 2026. The trades were executed at weighted average prices in the mid-$80s per share, according to the Form 4 disclosure and related footnotes.
Were the recent ZM insider sales made under a Rule 10b5-1 plan?
Yes. A footnote states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such pre-arranged plans allow insiders to schedule trades in advance, helping separate trading decisions from day-to-day market conditions.
What correction to prior ZM insider holdings does this Form 4 disclose?
One footnote explains that 42,060 shares were previously double-counted in both direct and indirect holdings on an earlier Form 4. This amended report removes those shares from direct holdings so they appear solely in indirect holdings, clarifying the true ownership breakdown.
AI-generated analysis. How Rhea-AI works. Not financial advice.
