Fenger Michael J. 4

What Happened Michael J. Fenger, a director of Zoom Video Communications (ZM), reported a conversion/exercise of a derivative on 2026-06-10 that involved 3,583 shares (acquisition and a matching disposition reported) at $0.00, and a grant of 3,012 restricted stock units (RSUs) on 2026-06-11 at $0.00. The reported dollar value for these transactions is $0.00 because they are derivative and equity‑award transactions rather than open‑market cash purchases or sales.

Key Details

• Transaction types/dates: Exercise/conversion of derivative (code M) — 3,583 shares on 2026-06-10 (acquired and a matching disposition reported); Grant/award (code A) — 3,012 RSUs on 2026-06-11.
• Prices/values: All reported at $0.00; total reported cash value = $0.
• Shares owned after transaction: Not specified in the provided excerpt of the Form 4.
• Footnotes: F1 — each RSU represents a contingent right to receive one share of Class A common stock; F2 — the 3,012 RSUs vest 100% on the first anniversary of the grant (or, if sooner, the day before the next annual meeting).
• Timeliness: Filing dated 2026-06-12 covering transactions on 2026-06-10 and 2026-06-11 — appears filed within the SEC’s two‑business‑day Form 4 reporting window.

Context The June 10 entries reflect a derivative exercise/conversion with a simultaneous disposition entry reported; the June 11 entry is an equity award (RSUs) that will vest in full after one year (subject to the footnote condition). These are not open‑market buys or sales of common stock and do not by themselves indicate a straightforward bullish or bearish trade by the insider. For retail investors, grants and derivative conversions are common compensation or plan‑related events; purchases (P) typically convey clearer direct insider buying interest.