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.
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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.
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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