Sankarlingam Velchamy 4

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.