Zoom's Velchamy Sankarlingam sells 5,299 shares
RSU vesting converted 20,752 units into shares, while 10,559 shares were withheld for taxes; 124,510 restricted stock units remained directly held.
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Rhea-AI Filing Summary
Zoom Communications, Inc. (ZM) Pres. of Engineering & Product Velchamy Sankarlingam sold Class A Common Stock on October 12, 2026: 2,346 shares at a weighted average of $98.6309 per share and 5,299 shares at a weighted average of $99.5446 per share. The sales were made under a Rule 10b5-1 plan.
On October 9, 2026, 20,752 restricted stock units vested and converted into 20,752 Class A shares; the issuer withheld 10,559 shares to satisfy tax withholding. Direct restricted stock units following the transaction were 124,510. Reported indirect positions include 36,060 shares in the Velchamy Family Trust and 2,000 shares each listed as held by Harshini Velchamy, Ashwini Velchamy and Janani Velchamy.
Insights
Analyzing...
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2 | 2,346 | $98.6309 | $231K |
| Sale | Class A Common Stock F3 | 5,299 | $99.5446 | $527K |
| Exercise | Restricted Stock Units F4, F5 | 20,752 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,752 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 10,559 | $94.67 | $1000K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (5)
- 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 $98.17 to $99.105. 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 $99.23 to $99.89. 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 which vest quarterly in 16 equal installments beginning on July 9, 2024.
Key Figures
Key Terms
restricted stock units financial
weighted average price financial
tax withholding obligation financial
contingent right financial
Rule 10b5-1 plan financial
FAQ
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What happened to Zoom (ZM) restricted stock units on October 9, 2026?
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