Zoom Communications (NASDAQ: ZM) exec exercises RSUs, 10,559 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zoom Communications, Inc. President of Engineering & Product Velchamy Sankarlingam had 20,751 restricted stock units vest on July 9, 2026, settling into the same number of Class A shares. 10,559 shares were withheld at $87.40 to cover tax obligations, leaving 166,606 shares held directly, plus indirect family and trust holdings and RSUs for 4,224 and 2,807 underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,751 shares exercised/converted
Mixed
9 txns
Insider
Sankarlingam Velchamy
Role
Pres. of Engineering & Product
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,751 | $0.00 | -- |
| Exercise | Class A Common Stock | 20,751 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 10,559 | $87.40 | $923K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 145,262 shares (Direct);
Class A Common Stock — 166,606 shares (Direct);
Class A Common Stock — 36,060 shares (Indirect, Velchamy Family Trust)
Footnotes (1)
- Includes 432 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 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.
Key Figures
RSUs vested and settled: 20,751 shares
Shares withheld for taxes: 10,559 shares
Tax withholding price: $87.40 per share
+5 more
8 metrics
RSUs vested and settled
20,751 shares
Restricted Stock Units vested and settled into Class A Common Stock on July 9, 2026
Shares withheld for taxes
10,559 shares
Class A shares withheld by issuer to satisfy tax withholding obligation on RSU vesting
Tax withholding price
$87.40 per share
Value used for shares withheld in connection with RSU vesting tax obligations
Direct Class A holdings
166,606 shares
Class A Common Stock held directly after July 9, 2026 transactions
Velchamy Family Trust holdings
36,060 shares
Class A Common Stock held indirectly via Velchamy Family Trust
Indirect family holdings
2,000 shares each
Class A shares held indirectly by Janani, Ashwini and Harshini Velchamy
Outstanding RSUs
4,224 and 2,807 units
Restricted Stock Units outstanding, each representing one Class A share
ESPP shares
432 shares
Shares purchased under 2019 Employee Stock Purchase Plan for Dec 13, 2025–Jun 12, 2026 period
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax withholding obligation, contingent right
4 terms
Restricted Stock Units financial
"The Reporting Person received an award of restricted stock units which vest quarterly"
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.
Employee Stock Purchase Plan financial
"shares of Class A Common Stock purchased pursuant to the 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.
tax withholding obligation financial
"Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider activity did Velchamy Sankarlingam report for Zoom (ZM)?
Velchamy Sankarlingam reported vesting of 20,751 restricted stock units that settled into Class A Common Stock on July 9, 2026. 10,559 shares were withheld to satisfy tax obligations, and his updated direct, family, trust and RSU holdings were disclosed.
What RSU awards and vesting schedules does Sankarlingam have at Zoom (ZM)?
He holds RSU awards that vest quarterly. One award vests in 16 equal quarterly installments beginning July 9, 2024, and additional awards granted on September 12, 2023 and September 9, 2022 vest in equal quarterly installments over three and four years, respectively.
What ESPP purchases are included in Sankarlingam’s Zoom (ZM) holdings?
His position includes 432 Class A shares bought under Zoom’s 2019 Employee Stock Purchase Plan for the December 13, 2025 to June 12, 2026 period, at a price equal to 85% of the June 12, 2026 closing price.