Yuan Eric S. 4

What Happened

• Eric S. Yuan, CEO of Zoom Communications, converted a total of 24,200 derivative/Class B shares into Class A common stock (no cash paid on conversion) and sold those 24,200 shares in multiple open-market transactions on Feb 2–3, 2026. Total reported proceeds from the sales were about $2,206,076.
• Sales were executed across two days: 12,100 shares sold on Feb 2 (proceeds ~$1,125,412) and 12,100 shares sold on Feb 3 (proceeds ~$1,080,664). Individual trade prices reported ranged roughly in the high $80s to mid-$90s; weighted-average and specific price ranges for groups of trades are disclosed in footnotes.

Key Details

• Transaction dates: Feb 2–3, 2026; Form 4 filed Feb 4, 2026 (timely filing).
• Total converted (acquired) via derivative conversion: 24,200 shares at $0.00 (conversion of derivative/Class B shares).
• Total sold: 24,200 shares for total proceeds ≈ $2,206,076.
• Sales executed pursuant to a Rule 10b5-1 trading plan adopted June 20, 2025 (footnote F2).
• Prices reported as weighted averages; detailed per-price breakdowns/ranges for groups of trades are provided in footnotes and available on request (footnotes F3–F12, F7–F11, etc.).
• The filing notes the converted securities relate to Class B → Class A conversion mechanics (see footnote F13 regarding conversion terms).
• Shares owned after the transactions are not specified in the provided excerpt.

Context

• The conversion was a non‑cash conversion of derivative/Class B shares into Class A common stock (per footnote F13), followed by sales—this is different from an option "exercise for cash." Sales under an established 10b5‑1 plan are typically pre‑arranged and routine; they do not by themselves reveal the insider’s current view of the company.