Zoom exec sells 2,590 shares in preplanned trade
Zoom Communications, Inc. President of Engineering & Product Sankarlingam Velchamy sold 2,590 shares of Class A Common Stock at $78.24 per share in an open‑market trade under a pre‑arranged Rule 10b5‑1 trading plan.
Rhea-AI Filing Summary
Zoom Communications, Inc. President of Engineering & Product Sankarlingam Velchamy sold 2,590 shares of Class A Common Stock at $78.24 per share in an open‑market trade under a pre‑arranged Rule 10b5‑1 trading plan.
On the prior day, he acquired 7,031 shares through the vesting and conversion of restricted stock units at an exercise price of $0.00, while 3,579 shares were withheld by the issuer at $77.50 per share to satisfy tax obligations. Following these transactions, he holds 137,044 shares directly, plus additional indirect holdings and 186,765 underlying shares tied to outstanding restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,590 | $78.24 | $203K |
| Exercise | Restricted Stock Units | 4,224 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,807 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,031 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,579 | $77.50 | $277K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (6)
- F1. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
- F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 14, 2025
- F3. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- F4. The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
- F5. The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years.
- F6. The Reporting Person received an award of restricted stock units which vest quarterly in 16 equal installments beginning on July 9, 2024.
FAQ
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What insider transaction did Zoom (ZM) executive Sankarlingam Velchamy report?
Did Sankarlingam Velchamy exercise restricted stock units in this Zoom (ZM) filing?
What does the Rule 10b5-1 trading plan mean in Zoom (ZM) executive’s sale?
What ongoing equity compensation does Zoom (ZM) provide to Sankarlingam Velchamy?
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