Sankarlingam Velchamy 4

What Happened Sankarlingam Velchamy, President of Engineering & Product at Zoom (ZM), had 20,751 restricted stock units (RSUs) convert into 20,751 shares on July 9, 2026. To satisfy tax withholding, 10,559 of those shares were withheld/disposed at an effective per‑share value of $87.40, totaling $922,857. The RSU conversion carried no cash exercise price ($0.00); net shares retained from this vesting were 10,192 (20,751 converted less 10,559 withheld). This was a vesting/tax‑withholding event rather than an open‑market purchase or sale.

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 13, 2026 (timely — within the two business day filing window).
• Conversion: 20,751 RSUs converted into 20,751 shares (code M, $0.00 exercise price).
• Tax withholding: 10,559 shares withheld/disposed at $87.40 per share for $922,857 (code F).
• Net shares retained from this vesting: 10,192 shares.
• Relevant footnotes: F2 indicates shares were withheld to satisfy tax withholding for vested RSUs; F3 confirms each RSU equals one share; F4–F6 describe the original RSU award schedules. F1 notes 432 shares were purchased via the ESPP in the referenced purchase period.
• Shares owned after the transaction were not specified in the excerpt; the filing reflects a routine vesting and withholding transaction, not an open‑market sale or purchase.

Context This was a standard RSU vesting event followed by share withholding to cover taxes (a common, administrative "disposition" on Form 4). Because the conversion occurred at $0 exercise price and shares were withheld rather than sold on the open market, it should be viewed as a routine compensation/withholding transaction rather than an explicit bullish or bearish trade by the insider.