Bawa Aparna 4

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.