Bawa Aparna 4
4 · Zoom Communications, Inc. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Zoom (ZM) COO Aparna Bawa Exercises RSUs; Shares Withheld for Taxes
What Happened
- Aparna Bawa, Chief Operating Officer of Zoom (ZM), had restricted stock units (RSUs) and performance-vesting RSUs convert to shares on April 8–9, 2026. The filing shows conversions (code M) of 21,392 shares on Apr 8 and 4,845 shares on Apr 9 (converted at $0.00 per share, i.e., typical RSU vesting).
- To satisfy tax withholding (code F), the issuer withheld 10,885 shares on Apr 8 (priced at $84.02, value $914,558) and 2,466 shares on Apr 9 (priced at $83.23, value $205,245). Total shares withheld: 13,351; total withholding value: $1,119,803.
- These transactions represent routine vesting and share-withholding for taxes rather than an open-market sale by the insider.
Key Details
- Transaction dates/prices: Apr 8, 2026 — conversion of 21,392 RSUs (@ $0.00) and 10,885 shares withheld (@ $84.02) for $914,558; Apr 9, 2026 — conversion of 4,845 RSUs (@ $0.00) and 2,466 shares withheld (@ $83.23) for $205,245.
- Total vested/converted shares reported: 26,237. Total shares withheld for taxes: 13,351 (cash value ~$1.12M).
- Shares owned after the transactions: not specified in this filing.
- Notable footnotes: withholding represents issuer-satisfied tax obligations for vesting of time-based and performance-vesting RSUs (F2, F3, F8). Performance RSUs were certified Feb 27, 2026 and vested Apr 9, 2026 (F8). Some shares are held of record by the Bawa Family Trust for which Aparna and spouse serve as trustees (F1).
- Filing: Form 4 filed Apr 10, 2026 for transactions on Apr 8–9; appears filed within the standard reporting window.
Context
- These were vesting/conversion events (RSUs and performance RSUs), not open-market purchases or discretionary sales. The issuer withheld shares to pay taxes (a common, routine practice), effectively a "net settlement" rather than a sale driven by market timing.
- For retail investors, such activity typically reflects compensation vesting and tax mechanics rather than a bullish or bearish signal from the insider.
Insider Transaction Report
Form 4
Bawa Aparna
Chief Operating Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-08+21,392→ 23,370 total(indirect: See footnote) - Tax Payment
Class A Common Stock
[F2][F1]2026-04-08$84.02/sh−10,885$914,558→ 12,485 total(indirect: See footnote) - Exercise/Conversion
Class A Common Stock
[F1]2026-04-09+4,845→ 17,330 total(indirect: See footnote) - Tax Payment
Class A Common Stock
[F3][F1]2026-04-09$83.23/sh−2,466$205,245→ 14,864 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-04-08−11,963→ 11,963 total→ Class A Common Stock (11,963 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F6]2026-04-08−9,429→ 9,429 total→ Class A Common Stock (9,429 underlying) - Exercise/Conversion
Performance-vesting RSU
[F7][F8]2026-04-09−4,845→ 0 total→ Class A Common Stock (4,845 underlying)
Footnotes (8)
- [F1]The shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees.
- [F2]Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
- [F3]Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Performance-vesting restricted stock units.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F5]The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
- [F6]The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
- [F7]Each performance-vesting restricted stock unit (the performance-vesting RSU) represents a contingent right to receive one share of Issuers Class A Common Stock.
- [F8]Represents performance-vesting RSUs previously granted to the Reporting Person, which were subject to vesting upon certification by the Compensation Committee of the Companys achievement of certain performance metrics and determination of the number of performance-vesting RSUs that were eligible to vest, which determination occurred on February 27, 2026. The performance-vesting RSU is also subject to a service-based vesting requirement and vested on April 9, 2026.
Signature
/s/ Aparna Bawa, Attorney-in-Fact|2026-04-10