Zoom (NASDAQ: ZM) engineering chief logs RSU vesting and share sales
Rhea-AI Filing Summary
Zoom Communications, Inc. executive Sankarlingam Velchamy reported multiple equity transactions involving Class A Common Stock. On January 9, 2026, 20,752 restricted stock units were converted into shares at an exercise price of $0, and 10,661 shares were withheld by the company at $85.65 to cover tax obligations. On the same date, his directly held stake increased to 154,411 shares before withholding.
On January 12, 2026, Velchamy sold 5,757 shares at a weighted average price of $86.34 and 1,811 shares at a weighted average price of $87.21, under a pre-arranged Rule 10b5-1 trading plan adopted on January 14, 2025, leaving him with 136,182 directly held shares. He also reports indirect holdings, including 36,060 shares held through the Velchamy Family Trust and additional 2,000-share positions held for three family members, as well as outstanding restricted stock unit awards that vest in scheduled quarterly installments.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,757 | $86.34 | $497K |
| Sale | Class A Common Stock | 1,811 | $87.21 | $158K |
| Exercise | Restricted Stock Units | 20,752 | $0.00 | -- |
| Exercise | Class A Common Stock | 20,752 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 10,661 | $85.65 | $913K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 14, 2025 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.79 to $86.78. 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 $86.79 to $87.44. 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 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 which vest quarterly in 16 equal installments beginning on July 9, 2024. The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years. The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
FAQ
What insider transactions did ZM executive Sankarlingam Velchamy report?
He reported the conversion of 20,752 restricted stock units into Class A Common Stock on January 9, 2026, tax withholding of 10,661 shares at $85.65, and open-market sales of 5,757 shares at a weighted average of $86.34 and 1,811 shares at a weighted average of $87.21 on January 12, 2026.
What restricted stock unit (RSU) awards does the Zoom executive report?
The filing notes RSU awards where each unit represents a right to receive one share of Class A Common Stock. These include an award that vests quarterly in 16 equal installments beginning on July 9, 2024, an award granted on September 12, 2023 vesting quarterly over three years, and an award granted on September 9, 2022 vesting quarterly over four years.
What is Sankarlingam Velchamy’s role at Zoom Communications, Inc. (ZM)?
He is an officer of Zoom Communications, Inc., serving as President of Engineering & Product, according to the filing.