Sankarlingam Velchamy 4
4 · Zoom Communications, Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Zoom (ZM) President of Engineering Sankarlingam Velchamy Exercises RSUs
What Happened
Sankarlingam Velchamy, Zoom's President of Engineering & Product, had restricted stock units (RSUs) and performance-vesting RSUs convert to shares on April 9, 2026. A total of 25,597 shares were issued on vesting (20,752 + 4,845), and 13,025 of those shares (10,559 + 2,466) were withheld by the issuer to satisfy tax withholding obligations, generating cash of $1,084,071 at $83.23 per share. The net number of shares delivered to Velchamy after withholding was 12,572.
Key Details
- Transaction date: April 9, 2026; Form filed April 13, 2026 (timely).
- Price used for withholding calculation: $83.23 per share.
- Shares issued on vesting: 25,597 (20,752 + 4,845).
- Shares withheld for taxes (disposed): 13,025 (10,559 + 2,466), total value withheld ≈ $1,084,071.
- Net shares retained by insider: 12,572.
- Footnotes: Withholdings were issuer share-withholdings to satisfy tax obligations for time-vesting RSUs and performance-vesting RSUs; performance RSUs were certified on Feb 27, 2026 and vested April 9, 2026. Vesting schedules noted in filings (awards granted 2022–2024 with quarterly vesting).
- Filing timeliness: Reported within the required period (transaction 4/9; Form 4 filed 4/13).
Context
- Code M entries reflect conversion/exercise of derivative awards (RSUs/PSUs) into shares on vesting; code F entries reflect shares withheld by the issuer to pay taxes — a routine administrative step, not an open-market sale.
- This is compensation vesting activity (award conversion and tax withholding), not a discretionary market sale or purchase that would indicate a separate investment decision.
Insider Transaction Report
Form 4
Sankarlingam Velchamy
Pres. of Engineering & Product
Transactions
- Exercise/Conversion
Class A Common Stock
2026-04-09+20,752→ 199,856 total - Tax Payment
Class A Common Stock
[F1]2026-04-09$83.23/sh−10,559$878,826→ 189,297 total - Exercise/Conversion
Class A Common Stock
2026-04-09+4,845→ 194,142 total - Tax Payment
Class A Common Stock
[F2]2026-04-09$83.23/sh−2,466$205,245→ 191,676 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-04-09−20,752→ 166,013 total→ Class A Common Stock (20,752 underlying) - Exercise/Conversion
Performance-vesting RSU
[F5][F6]2026-04-09−4,845→ 0 total→ Class A Common Stock (4,845 underlying)
Holdings
- 36,060(indirect: By Trust)
Class A Common Stock
- 2,000(indirect: By Ashwini Velchamy)
Class A Common Stock
- 2,000(indirect: By Janani Velchamy)
Class A Common Stock
- 2,000(indirect: By Harshini Velchamy)
Class A Common Stock
- 5,614
Restricted Stock Units
[F3][F7]→ Class A Common Stock (5,614 underlying) - 8,447
Restricted Stock Units
[F3][F8]→ Class A Common Stock (8,447 underlying)
Footnotes (8)
- [F1]Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
- [F2]Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Performance-vesting restricted stock unit
- [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 which vest quarterly in 16 equal installments beginning on July 9, 2024.
- [F5]Each performance-vesting restricted stock unit (the performance-vesting RSU) represents a contingent right to receive one share of Issuers Class A Common Stock.
- [F6]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.
- [F7]The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years.
- [F8]The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
Signature
/s/ Aparna Bawa, Attorney-in-Fact|2026-04-13