Yuan Eric S. 4
4 · Zoom Communications, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Zoom (ZM) CEO Eric Yuan Sells 24,200 Shares for $2.64M
What Happened
Eric S. Yuan, CEO of Zoom (ZM), converted Class B shares to Class A common stock and sold the resulting shares in multiple open-market transactions on June 2–3, 2026. He converted 12,100 shares on June 2 and another 12,100 on June 3 (conversion price $0), and sold a total of 24,200 shares across the two days for aggregate proceeds of roughly $2.64 million. The sales were executed in many small trades at prices ranging roughly from about $105.68 to $113.40 (see footnotes for exact ranges and weighted averages). These were sales (not purchases).
Key Details
- Transaction dates: June 2, 2026 and June 3, 2026; Form filed June 4, 2026 (appears timely).
- Shares sold: 24,200 total (12,100 on each date). Total proceeds ≈ $2,639,028 (~$2.64M).
- Conversion: Two conversions of 12,100 shares each (derivative conversion, $0 price) — see footnote F13 describing Class B→Class A conversion mechanics.
- Sales executed under a Rule 10b5-1 trading plan adopted June 20, 2025 (footnote F2).
- Weighted-average price reporting and per-trade price ranges are noted in multiple footnotes (F3–F12); the filing offers to provide breakdowns on request.
- Shares owned after the transactions are not reported in the excerpt provided.
Context
- The conversions reflect converting Class B stock (convertible into Class A) into tradable Class A shares; the conversion itself has no cash cost (footnote F13).
- The sales were effected under a pre-established 10b5-1 plan, which typically means the trades were pre-authorized and may be routine rather than an immediate market-timing decision.
- Facts only — this summary does not speculate about Mr. Yuan’s motives. Purchases are usually considered a stronger positive signal than routine sales; these filings are primarily useful for tracking insider liquidity and alignment with pre-set plans.
Insider Transaction Report
Form 4
Yuan Eric S.
DirectorChief Executive Officer
Transactions
- Conversion
Class A Common Stock
[F1]2026-06-02+12,100→ 12,100 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F3][F1]2026-06-02$109.63/sh−593$65,011→ 11,507 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F4][F1]2026-06-02$110.53/sh−1,389$153,526→ 10,118 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F5][F1]2026-06-02$111.59/sh−6,298$702,769→ 3,820 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F6][F1]2026-06-02$112.32/sh−3,730$418,936→ 90 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F7][F1]2026-06-02$113.26/sh−90$10,193→ 0 total(indirect: See footnote) - Conversion
Class A Common Stock
[F1]2026-06-03+12,100→ 12,100 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F8][F1]2026-06-03$106.20/sh−9,100$966,453→ 3,000 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F9][F1]2026-06-03$107.01/sh−2,345$250,936→ 655 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F10][F1]2026-06-03$108.21/sh−326$35,278→ 329 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F11][F1]2026-06-03$108.96/sh−269$29,311→ 60 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F12][F1]2026-06-03$110.25/sh−60$6,615→ 0 total(indirect: See footnote) - Conversion
Class B Common Stock
[F13][F1]2026-06-02−12,100→ 20,752,585 total(indirect: See footnote)→ Class A Common Stock (12,100 underlying) - Conversion
Class B Common Stock
[F13][F1]2026-06-03−12,100→ 20,740,485 total(indirect: See footnote)→ Class A Common Stock (12,100 underlying)
Holdings
- 38,282
Restricted Stock Units
[F14][F15]→ Class A Common Stock (38,282 underlying) - 30,173
Restricted Stock Units
[F14][F16]→ Class A Common Stock (30,173 underlying)
Footnotes (16)
- [F1]The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
- [F10]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.685 to $108.51. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F11]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.905 to $109.00. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F12]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.20 to $110.305. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F13]Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.
- [F14]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F15]The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
- [F16]The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 20, 2025.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.06 to $109.98. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F4]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.08 to $111.035. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F5]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.06 to $112.055. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F6]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.075 to $113.02. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F7]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.065 to $113.40. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F8]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.68 to $106.675. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F9]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.68 to $107.665. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
Signature
/s/ Cheree McAlpine, Attorney-in-Fact|2026-06-04