Sankarlingam Velchamy 4

4 · Zoom Communications, Inc. · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 11, 2026

Zoom (ZM) Pres. of Engineering S. Velchamy Exercises RSUs, Sells Shares

What Happened

Sankarlingam Velchamy, President of Engineering & Product at Zoom (ZM), had restricted stock units (RSUs) convert to common shares and completed related share withholding and an open‑market sale. On March 9, 2026, 7,031 shares were acquired on conversion/exercise of derivatives (RSUs) at $0.00 (vested). That same day 3,579 shares were withheld to cover tax withholding valued at $77.50 per share (≈ $277,373). On March 10, 2026, 2,590 shares were sold in the open market at $78.24 for total proceeds of $202,642. The filing also shows additional derivative conversions/dispositions (4,224 and 2,807 shares at $0) tied to the reported awards.

Key Details

Dates and prices:
- 2026-03-09: 7,031 shares acquired on RSU conversion at $0.00
- 2026-03-09: 3,579 shares withheld for taxes at $77.50/share (≈ $277,373)
- 2026-03-10: 2,590 shares sold open market at $78.24/share (≈ $202,642)
- Additional derivative dispositions on 2026-03-09: 4,224 and 2,807 shares reported at $0 (see footnotes)
Shares owned after the transactions: not specified in the provided excerpt of the filing.
Notable footnotes: withheld shares to satisfy tax obligation (F1); open‑market sale executed pursuant to a Rule 10b5‑1 trading plan adopted Jan 14, 2025 (F2); the transactions involve RSUs that vest per schedules from awards in 2022, 2023 and 2024 (F3–F6).
Filing: Report filed March 11, 2026 covering transactions on March 9–10, 2026 (appears timely).

Context

These transactions reflect RSU vesting and routine post‑vesting actions rather than a cash purchase. Shares were withheld to cover taxes (a net settlement-style outcome) and some vested shares were sold under a pre‑arranged 10b5‑1 plan. Such filings are commonly compensation-related and do not, by themselves, indicate insider sentiment about the company's stock.

Form 4

Period: 2026-03-09

Pres. of Engineering & Product

Transactions

Exercise/Conversion
Class A Common Stock
2026-03-09+7,031→ 143,213 total
Tax Payment
Class A Common Stock
[F1]
2026-03-09$77.50/sh−3,579$277,373→ 139,634 total
Sale
Class A Common Stock
[F2]
2026-03-10$78.24/sh−2,590$202,642→ 137,044 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-03-09−4,224→ 8,447 total
→ Class A Common Stock (4,224 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F5]
2026-03-09−2,807→ 5,614 total
→ Class A Common Stock (2,807 underlying)

Holdings

Class A Common Stock
(indirect: By Trust)
36,060
Class A Common Stock
(indirect: By Harshini Velchamy)
2,000
Class A Common Stock
(indirect: By Ashwini Velchamy)
2,000
Class A Common Stock
(indirect: By Janani Velchamy)
2,000
Restricted Stock Units
[F3][F6]
→ Class A Common Stock (186,765 underlying)
186,765

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.

Signature

/s/ Aparna Bawa, Attorney-in-Fact|2026-03-11

1 file