Yuan Eric S. 4

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.