Scheinman Daniel 4

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.