Sankarlingam Velchamy 4

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.