Zoom (ZM) Pres. Sankarlingam Velchamy Exercises RSUs; Shares Withheld

What Happened Sankarlingam Velchamy, President of Engineering & Product at Zoom (ZM), reported the vesting/conversion of restricted stock units (RSUs) on June 9, 2026. The filing shows 7,030 shares acquired through conversion of derivative awards (exercise/conversion, code M) at a $0.00 exercise price, and the issuer withheld 3,578 of those shares to satisfy tax withholding obligations at $101.15 per share, totaling $361,915 (code F). The report also lists conversion/disposition entries of 4,223 and 2,807 shares (code M) at $0.00, reflecting internal settlement/conversion activity associated with the awards.

Key Details

• Transaction date: 2026-06-09; Form 4 filed 2026-06-11 (timely filing).
• Acquired by conversion: 7,030 shares (derivative conversion, $0.00 exercise price).
• Shares withheld for tax: 3,578 shares at $101.15/share = $361,915 (reported as a disposition to cover taxes).
• Other derivative conversion/disposition entries: 4,223 and 2,807 shares at $0.00 (reported as disposals; reflect settlement/transfer related to awards).
• Footnotes: RSUs represent one share each (F2) and stem from awards granted in 2022, 2023 and a 2024 schedule that vest quarterly (F3–F5). F1 explains shares were withheld to satisfy tax withholding.
• Shares owned after the transactions are not specified in the provided extract.

Context This was not an open-market purchase or sale for cash; it was the routine vesting/conversion of RSUs with a portion of the vested shares withheld by the issuer to cover tax liabilities (a typical cashless/net settlement). Such withholding transactions are standard for employee equity vesting and do not necessarily indicate a change in the insider’s market view.