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Zoom Communications, Inc.·4

Jun 12, 9:02 PM ET

Scheinman Daniel 4

4 · Zoom Communications, Inc. · Filed Jun 12, 2026

Research Summary

AI-generated summary of this filing

Updated

Zoom (ZM) Director Daniel Scheinman Exercises Options, Receives RSUs

What Happened

  • Daniel Scheinman, a director of Zoom Video Communications (ZM), exercised/converted 3,583 derivative shares on June 10, 2026 (report shows acquisition and simultaneous disposition of 3,583 shares at $0.00) and was granted 3,012 restricted stock units (RSUs) on June 11, 2026 (3,012 RSUs @ $0.00). Reported dollar value for these transactions is $0.00.
  • The June 10 conversion/exercise appears to have resulted in an immediate disposition of the same number of shares (both reported at $0.00), while the June 11 entry is an award/grant of RSUs (an acquisition).

Key Details

  • Transaction dates/prices:
    • 2026-06-10: Exercise/conversion (code M) — 3,583 shares acquired @ $0.00; 3,583 shares disposed @ $0.00.
    • 2026-06-11: Grant/award (code A) — 3,012 RSUs acquired @ $0.00.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes of note:
    • F2/F3: Each RSU represents a contingent right to one share; the 3,012 RSUs vest 100% on the first anniversary of the grant (or the day before the next annual meeting, if sooner).
    • F1/F6: Some shares are held of record in family trusts (Dan & Zoe Scheinman Trust; 2017 Scheinman Irrevocable Trust).
    • F4: Earlier option subject to a 1/48 monthly vesting schedule (commencing Nov 29, 2018) and was early exercisable subject to repurchase rights.
    • F5: Describes company Class B to Class A conversion mechanics (general capital structure note).
  • Filing timeliness: Report filed 2026-06-12 for a 2026-06-10 transaction — appears to be filed within the standard two-business-day window (no late filing indicator).

Context

  • The June 10 entries are coded as an exercise/conversion of a derivative security (M) with an immediate corresponding disposition reported the same day; such paired entries can reflect conversion/exercise followed by transfer or sale, but the filing shows no cash price here.
  • The June 11 grant is an RSU award (compensation), which vests per the footnote schedule and does not represent an open-market purchase. Awards and exercises are common insider activity and are informational but do not by themselves indicate management sentiment.

Insider Transaction Report

Form 4
Period: 2026-06-10
Zoom Communications, Inc.ZM
Scheinman Daniel
Director
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-10+3,583→ 13,913 total(indirect: See footnote)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F3]
    2026-06-10−3,583→ 0 total
    → Class A Common Stock (3,583 underlying)
  • Award

    Restricted Stock Units

    [F2][F3]
    2026-06-11+3,012→ 3,012 total
    → Class A Common Stock (3,012 underlying)
Holdings

  • Director Stock Option (right to buy)

    [F4][F5]
    Exercise: $10.79Exp: 2028-11-29→ Class B Common Stock (80,000 underlying)
    80,000

  • Class B Common Stock

    [F5][F6]
    (indirect: See footnote)
    → Class A Common Stock (2) (1,126,281 underlying)
    1,126,281

  • Class B Common Stock

    [F5][F1]
    (indirect: See footnote)
    → Class A Common Stock (2) (437,974 underlying)
    437,974
Footnotes (6)
  • [F1]The shares are held of record by Dan & Zoe Scheinman Trust Dated 2/23/01, for which the Reporting Person serves as trustee.
  • [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, 100% of which will vest on the first anniversary date of the grant (or, if sooner, the day immediately preceding the next annual meeting that occurs following the grant date).
  • [F4]1/48 of the shares subject to the option vests in equal monthly installments commencing one month from November 29, 2018. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
  • [F5]Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.
  • [F6]The shares are held of record by The 2017 Scheinman Irrevocable Trust ("2017 Scheinman Trust"). The trustee for 2017 Scheinman Trust is Neuberger Berman Trust Company of Delaware N.A. The Reporting Person's family members are beneficiaries under the 2017 Scheinman Trust.
Signature
/s/ Cheree McAlpine, Attorney-in-Fact|2026-06-12

Documents

1 file
  • 4
    wk-form4_1781312519.xmlPrimary

    FORM 4