Chang Michelle 4

What Happened Michelle Chang, Chief Financial Officer of Zoom Video Communications (ZM), disposed of 327 shares of Class A common stock on June 15, 2026. The shares were sold at $93.83 per share for a total of approximately $30,682. This sale was an outright disposition (sale), which is often routine rather than a directional signal about the company.

Key Details

• Transaction date: June 15, 2026; Price: $93.83 per share; Shares sold: 327; Total value: ~$30,682.
• Report filed: June 16, 2026 (appears timely relative to the transaction date).
• Shares owned after the transaction: Not stated in the information provided on this Form 4.
• Footnote F1: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Ms. Chang on June 13, 2025 (prearranged trading plan).
• Footnote F2: The 327 shares include shares purchased under Zoom’s 2019 ESPP for the Dec 13, 2025–Jun 12, 2026 purchase period; those ESPP shares were bought at 85% of the closing price on June 12, 2026.

Context A sale executed under a 10b5-1 plan indicates this transaction followed a pre-set trading schedule or rules put in place earlier, which is commonly used by insiders to avoid timing questions. The filing notes these shares came from the company’s employee stock purchase plan (ESPP), meaning they were acquired at a discounted purchase price before being sold. As with all insider sales, this is factual reporting of a transaction and should not be interpreted alone as a buy/sell recommendation.