Zoom Communications, Inc. (ZM) CAO exercises 12,486 RSUs; 5,532 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zoom Communications, Inc. Chief Accounting Officer Kimberly J. McGarry converted 12,486 restricted stock units into Class A common stock on July 9, 2026. Of the resulting shares, 5,532 were withheld by the issuer at $87.40 per share to satisfy tax obligations. Following these transactions, she holds 7,300 shares of Class A common stock directly and 37,458 restricted stock units, each representing a right to receive one share upon settlement. Her direct holdings include 346 shares acquired through the 2019 Employee Stock Purchase Plan at 85% of the June 12, 2026 closing price.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,486 shares exercised/converted
Mixed
3 txns
Insider
McGarry Kimberly J
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,486 | $0.00 | -- |
| Exercise | Class A Common Stock | 12,486 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,532 | $87.40 | $483K |
Holdings After Transaction:
Restricted Stock Units — 37,458 shares (Direct);
Class A Common Stock — 12,832 shares (Direct)
Footnotes (1)
- Includes 346 shares of Class A Common Stock purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2025 to June 12, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on June 12, 2026. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. 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, 1/4 of which will vest on July 9, 2026 and the remaining units will vest in equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances in connection with a change in control of the Issuer.
Key Figures
RSUs converted: 12,486 shares
Shares withheld for tax: 5,532 shares
Withholding price: $87.40 per share
+4 more
7 metrics
RSUs converted
12,486 shares
Restricted stock units converted into Class A common stock on July 9, 2026
Shares withheld for tax
5,532 shares
Class A shares withheld by issuer to satisfy tax obligation on RSU vesting
Withholding price
$87.40 per share
Price used for shares withheld to cover tax liabilities
Direct holdings after transaction
7,300 shares
Class A common stock held directly by Kimberly McGarry after transactions
RSUs outstanding
37,458 units
Restricted stock units held after the reported RSU conversion
ESPP shares
346 shares
Included in direct holdings, purchased via 2019 ESPP at 85% of June 12, 2026 close
ESPP purchase discount
85%
Purchase price as a percentage of Zoom’s June 12, 2026 Class A closing price
Key Terms
Restricted Stock Units, tax withholding obligation, Employee Stock Purchase Plan, Continuous Service, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"Shares withheld by Issuer to satisfy the tax withholding obligation"
Employee Stock Purchase Plan financial
"purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Continuous Service financial
"subject to the Reporting Person's Continuous Service on each such vesting date"
change in control financial
"subject to accelerated vesting in the event of a termination of employment ... in connection with a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What insider transactions did Zoom (ZM) CAO Kimberly McGarry report on July 9, 2026?
Kimberly McGarry converted 12,486 restricted stock units into Class A common stock and had 5,532 shares withheld by the issuer to cover tax obligations. These transactions reflect RSU vesting rather than open-market buying or selling activity.
What are Kimberly McGarry’s Zoom (ZM) holdings after these transactions?
After the reported transactions, Kimberly McGarry holds 7,300 Class A common shares directly and 37,458 restricted stock units. The RSUs each represent a right to receive one share of Class A common stock when they vest and are settled.
What does the RSU vesting schedule look like for Kimberly McGarry at Zoom (ZM)?
An RSU award to Kimberly McGarry vests with 1/4 of the units on July 9, 2026, and the remaining units vesting in equal quarterly installments, subject to her Continuous Service and with potential accelerated vesting upon certain terminations in connection with a change in control.