Zoom (ZM) Director Jonathan Chadwick Exercises Derivative, Receives RSUs

What Happened
Jonathan Chadwick, a director of Zoom Video Communications (ZM), recorded a conversion/exercise of a derivative on 2026-06-10 for 3,583 shares (reported at $0.00) and was granted 3,012 restricted stock units (RSUs) on 2026-06-11 (reported at $0.00). The exercise/conversion was reported both as an acquisition and as a disposition of a derivative instrument; no cash price or sale proceeds are reported for these items.

Key Details

• Transaction dates and amounts:
  • 2026-06-10: Exercise/conversion of derivative (code M) — 3,583 shares @ $0.00 (acquired) and 3,583 shares @ $0.00 (disposed as derivative)
  • 2026-06-11: Grant/award (code A) — 3,012 RSUs @ $0.00 (acquired)
• Reported dollar value: $0.00 for the reported transactions (reflects conversion/award reporting, not an open‑market purchase or sale).
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share of Class A common stock.
  • F2: The RSU award vests 100% on the first anniversary of the grant (or, if sooner, the day before the next annual meeting).
• Filing timeliness: Period of report is 2026-06-10 and the Form 4 was filed 2026-06-12 — within the typical two-business-day Form 4 reporting window.

Context

• The derivative activity (code M) indicates an exercise or conversion of a derivative instrument rather than a market sale or purchase; because no shares were sold for cash, this is not a liquidation.
• The 3,012-unit award is an RSU grant with a one-year vesting cliff per the footnote; RSU grants are compensation/retention events and do not by themselves signal a purchase motivated by market views.