Sankarlingam Velchamy 4
4 · Zoom Communications, Inc. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-09+7,030→ 149,001 total - Tax Payment
Class A Common Stock
[F1]2026-06-09$101.15/sh−3,578$361,915→ 145,423 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-06-09−4,223→ 4,224 total→ Class A Common Stock (4,223 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-06-09−2,807→ 2,807 total→ Class A Common Stock (2,807 underlying)
- 36,060(indirect: By Trust)
Class A Common Stock
- 2,000(indirect: By Harshini Velchamy)
Class A Common Stock
- 2,000(indirect: By Ashwini Velchamy)
Class A Common Stock
- 2,000(indirect: By Janani Velchamy)
Class A Common Stock
- 166,013
Restricted Stock Units
[F2][F5]→ Class A Common Stock (166,013 underlying)
Footnotes (5)
- [F1]Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F3]The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
- [F4]The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years.
- [F5]The Reporting Person received an award of restricted stock units which vest quarterly in 16 equal installments beginning on July 9, 2024.