Zoom executive sells 2,590 shares near $96
Zoom’s President of Engineering & Product exercised RSUs into stock, covered taxes with share withholding, and sold a portion of Class A shares under a Rule 10b5-1 plan.
Rhea-AI Filing Summary
Zoom Communications, Inc. (ZM) disclosed that Velchamy Sankarlingam, President of Engineering & Product, reported several equity transactions. On September 9, 2026 he converted 7,031 Restricted Stock Units into Class A Common Stock, with 3,579 shares withheld to satisfy tax withholding obligations. On September 10, 2026 he sold 2,384 shares at a weighted average price of $95.7585 and 206 shares at $96.372, with each sale executed over multiple trades at prices within disclosed ranges. The filing notes remaining direct Restricted Stock Units representing 145,262 underlying shares and indirect holdings of Class A Common Stock through the Velchamy Family Trust and family members, and states that the transactions were made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Sankarlingam Velchamy
Role
Pres. of Engineering & Product
Sold
2,590 shs ($248K)
Approx. gross sale proceeds
$248K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2 | 2,384 | $95.7585 | $228K |
| Sale | Class A Common Stock F3 | 206 | $96.372 | $20K |
| Exercise | Restricted Stock Units F4, F5 | 4,224 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F6 | 2,807 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,031 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 3,579 | $96.44 | $345K |
| holding | Restricted Stock Units F4, F7 | -- | -- | -- |
| 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 contracts (Direct);
Class A Common Stock — 149,265 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 (7)
- F1. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
- F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.29 to $96.205. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.29 to $96.45. 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. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- F5. The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
- F6. The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years.
- F7. The Reporting Person received an award of restricted stock units which vest quarterly in 16 equal installments beginning on July 9, 2024.
Key Figures
Shares sold (Sept 10, 2026) - first block: 2,384 shares at $95.7585 weighted average price
Shares sold (Sept 10, 2026) - second block: 206 shares at $96.372 weighted average price
RSUs converted to Class A Common Stock: 7,031 shares
+4 more
7 metrics
Shares sold (Sept 10, 2026) - first block
2,384 shares at $95.7585 weighted average price
Open market or private sale of Class A Common Stock with trades from $95.29 to $96.205
Shares sold (Sept 10, 2026) - second block
206 shares at $96.372 weighted average price
Open market or private sale of Class A Common Stock with trades from $96.29 to $96.45
RSUs converted to Class A Common Stock
7,031 shares
4,224 RSUs from a 2022 grant and 2,807 RSUs from a 2023 grant converted on September 9, 2026
Shares withheld for tax withholding obligation
3,579 shares
Class A Common Stock withheld by the issuer to satisfy tax withholding on RSU vesting at $96.44 per share
Remaining Restricted Stock Units (underlying shares)
145,262 shares
Direct RSU holdings representing underlying Class A Common Stock as of September 9, 2026
Indirect holdings – Velchamy Family Trust
36,060 shares
Class A Common Stock held indirectly through the Velchamy Family Trust as of September 9, 2026
Indirect holdings – each family member
2,000 shares
Class A Common Stock held indirectly by each of Harshini, Ashwini, and Janani Velchamy
Key Terms
Restricted Stock Units, weighted average price, tax withholding obligation, contingent right
4 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.
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.
tax withholding obligation financial
"Shares withheld by Issuer to satisfy the tax withholding obligation"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ZM executive Velchamy Sankarlingam report in this Form 4?
He reported exercising 7,031 Restricted Stock Units into Class A Common Stock on September 9, 2026, withholding 3,579 shares to cover taxes, and then selling 2,384 shares and 206 shares of Class A Common Stock in separate transactions on September 10, 2026.
Were the ZM insider sales made under a Rule 10b5-1 trading plan?
Yes. The Form 4 indicates that the reported transactions were made pursuant to a Rule 10b5-1 trading plan, meaning the trades were carried out under a pre-established trading arrangement rather than being discretionary at the time of sale.
What RSU activity did the Zoom (ZM) executive report?
On September 9, 2026 he reported the conversion of 4,224 RSUs from a 2022 grant and 2,807 RSUs from a 2023 grant, totaling 7,031 RSUs, each representing a contingent right to receive one share of Class A Common Stock, vesting in stated quarterly schedules.
How many Restricted Stock Units does the ZM executive still hold after these transactions?
The filing shows remaining direct holdings of Restricted Stock Units corresponding to 145,262 underlying shares of Zoom’s Class A Common Stock, reflecting unvested awards that continue to vest on the schedules described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
