Zoom CEO Yuan's trust sells 11,896 shares at $94.07
The chief executive's trust-held sales were made under a Rule 10b5-1 plan adopted June 20, 2025.
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Rhea-AI Filing Summary
Zoom Communications, Inc. (ZM) Chief Executive Officer Eric S. Yuan reported conversion of 12,100 Class B shares into 12,100 Class A shares on October 5 and again on October 6, 2026, followed by sales of Class A shares held by the 2018 Yuan and Zhang Revocable Trust. On October 5, the trust sold 11,512 shares at a weighted-average price of $93.7206 per share and 588 shares at $94.2032; on October 6, it sold 11,896 shares at $94.0653 and 204 shares at $94.5935. The sales were effected under a Rule 10b5-1 trading plan Eric S. Yuan adopted June 20, 2025. Zheng Yuan and Hongyu Zhang are cotrustees of the trust; Eric S. Yuan and his spouse also serve as cotrustees.
Insider Trade Summary 10b5-1
| 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 | 11,896 | $94.0653 | $1.12M |
| Sale | Class A Common Stock F2, F6, F1 | 204 | $94.5935 | $19K |
| 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 | 11,512 | $93.7206 | $1.08M |
| Sale | Class A Common Stock F2, F4, F1 | 588 | $94.2032 | $55K |
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 $93.55 to $94.545. 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 $94.55 to $94.645. 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
Key Terms
Rule 10b5-1 trading plan financial
weighted average price financial
Class B Common Stock financial
automatic conversion financial
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