Zoom (NASDAQ: ZM) CEO trades 24,200 shares in planned 10b5-1 sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zoom Communications, Inc. CEO Eric S. Yuan, through a revocable trust for which he and his spouse serve as cotrustees, reported open-market sales of 24,200 shares of Class A Common Stock on June 2 and June 3, 2026. The reported weighted average sale prices ranged from about $106.20 to $113.26 per share, and the filing notes these sales were made under a Rule 10b5-1 trading plan adopted on June 20, 2025.
On each of those dates, 12,100 shares of Class B Common Stock were converted into 12,100 shares of Class A Common Stock as derivative conversions. Following these conversions, an entity associated with Yuan continued to hold about 20,740,485 shares of Class B Common Stock indirectly, while he also holds restricted stock units directly that are tied to 30,173 and 38,282 underlying Class A shares, vesting over multi-year schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 24,200 shares ($2,639,028)
Net Sell
16 txns
Insider
Yuan Eric S.
Role
Chief Executive Officer
Sold
24,200 shs ($2.64M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 12,100 | $0.00 | -- |
| Conversion | Class A Common Stock | 12,100 | $0.00 | -- |
| Sale | Class A Common Stock | 9,100 | $106.2036 | $966K |
| Sale | Class A Common Stock | 2,345 | $107.0091 | $251K |
| Sale | Class A Common Stock | 326 | $108.2144 | $35K |
| Sale | Class A Common Stock | 269 | $108.9621 | $29K |
| Sale | Class A Common Stock | 60 | $110.2525 | $7K |
| Conversion | Class B Common Stock | 12,100 | $0.00 | -- |
| Conversion | Class A Common Stock | 12,100 | $0.00 | -- |
| Sale | Class A Common Stock | 593 | $109.6304 | $65K |
| Sale | Class A Common Stock | 1,389 | $110.5299 | $154K |
| Sale | Class A Common Stock | 6,298 | $111.586 | $703K |
| Sale | Class A Common Stock | 3,730 | $112.3153 | $419K |
| Sale | Class A Common Stock | 90 | $113.2569 | $10K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 20,740,485 shares (Indirect, See footnote);
Class A Common Stock — 12,100 shares (Indirect, See footnote);
Restricted Stock Units — 38,282 shares (Direct, null)
Footnotes (1)
- 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. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.06 to $109.98. 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 $110.08 to $111.035. 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 $111.06 to $112.055. 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 $112.075 to $113.02. 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 $113.065 to $113.40. 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 $105.68 to $106.675. 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 $106.68 to $107.665. 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 $107.685 to $108.51. 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 $108.905 to $109.00. 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 $110.20 to $110.305. 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 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. 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 on July 8, 2022, which will vest in equal quarterly installments over four years. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
Key Figures
Shares sold: 24,200 shares of Class A Common Stock
Sale prices: $106.20–$113.26 per share (weighted averages)
Class B conversions per day: 12,100 shares converted
+3 more
6 metrics
Shares sold
24,200 shares of Class A Common Stock
Open-market sales on June 2–3, 2026
Sale prices
$106.20–$113.26 per share (weighted averages)
Ranges across multiple sale transactions
Class B conversions per day
12,100 shares converted
Class B to Class A conversions on June 2 and June 3, 2026
Class B shares remaining
20,740,485 shares
Indirect Class B Common Stock holdings after June 3, 2026
RSU underlying shares (2022 grant)
30,173 shares
Restricted Stock Units tied to Class A Common Stock
RSU underlying shares (2023 grant)
38,282 shares
Restricted Stock Units tied to Class A Common Stock
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units, Class B Common Stock, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan financial
"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."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock."
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.
Class B Common Stock financial
"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."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Revocable Trust financial
"the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What did Zoom (ZM) CEO Eric S. Yuan report in this Form 4 filing?
Eric S. Yuan reported open-market sales of 24,200 Zoom Class A shares on June 2–3, 2026, executed through a revocable trust. The transactions were part of a pre-arranged Rule 10b5-1 trading plan, rather than discretionary same-day decisions.
What restricted stock units (RSUs) tied to Zoom (ZM) stock does Eric Yuan hold?
Yuan holds restricted stock units directly that relate to 30,173 and 38,282 underlying Class A shares. Footnotes explain these RSU awards, granted in July 2022 and July 2023, vest in equal quarterly installments over multi-year periods.