Yuan Eric S. 4
4 · Zoom Communications, Inc. · Filed Jul 15, 2026
Research Summary
AI-generated summary of this filing
Zoom (ZM) CEO Eric S. Yuan Sells 57,824 Shares
What Happened
Eric S. Yuan, CEO of Zoom Communications (ZM), sold a total of 57,824 shares in open-market transactions on July 13–14, 2026 for aggregate proceeds of approximately $5.29 million. The Form 4 also reports conversions of Class B (derivative) shares into Class A common stock in two 12,100-share blocks (total 24,200 shares) as part of the reported activity.
Key Details
- Sales (open market):
- 7/13/2026: 11,077 shares at $90.62 — $1,003,837 (weighted average)
- 7/13/2026: 19,054 shares at $91.61 — $1,745,503 (weighted average)
- 7/13/2026: 15,593 shares at $92.53 — $1,442,820 (weighted average)
- 7/14/2026: 1,206 shares at $89.49 — $107,929 (weighted average)
- 7/14/2026: 7,293 shares at $90.53 — $660,205 (weighted average)
- 7/14/2026: 3,601 shares at $91.30 — $328,768 (weighted average)
- Total sold: 57,824 shares for ≈ $5.29M.
- Conversions (derivative -> common): two conversions of 12,100 shares each (total 24,200 shares) reported on 7/13 and 7/14. Footnote explains Class B shares are convertible into Class A (see F9).
- Plan/authority: Sales were effected under a Rule 10b5-1 trading plan adopted by Mr. Yuan on June 20, 2025 (F2).
- Pricing notes: Several sales are reported as weighted averages; the filing lists price ranges for the component transactions (F3–F8).
- Ownership after transaction: Not specified in the provided filing excerpt.
- Record ownership: Some shares are held of record by a revocable trust for which Mr. Yuan and his spouse serve as co-trustees (F1).
- Filing timeliness: No late filing is indicated on the Form 4.
Context
These transactions appear to be scheduled sales under a pre-established 10b5-1 plan, a common mechanism insiders use to sell shares without making trading decisions based on inside information. The reported conversions reflect conversion of Class B to Class A common stock (a structural/administrative change) rather than a market purchase. Sales provide liquidity for the insider; they are not, by themselves, a clear signal of company outlook.
Insider Transaction Report
Form 4
Yuan Eric S.
DirectorChief Executive Officer
Transactions
- Conversion
Class A Common Stock
[F1]2026-07-13$91.68/sh+12,100$1,109,376→ 68,722 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F3][F1]2026-07-13$90.62/sh−11,077$1,003,837→ 57,645 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F4][F1]2026-07-13$91.61/sh−19,054$1,745,503→ 38,591 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F5][F1]2026-07-13$92.53/sh−15,593$1,442,820→ 22,998 total(indirect: See footnote) - Conversion
Class A Common Stock
[F1]2026-07-14+12,100→ 35,098 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F6][F1]2026-07-14$89.49/sh−1,206$107,929→ 33,892 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F7][F1]2026-07-14$90.53/sh−7,293$660,205→ 26,599 total(indirect: See footnote) - Sale
Class A Common Stock
[F2][F8][F1]2026-07-14$91.30/sh−3,601$328,768→ 22,998 total(indirect: See footnote) - Conversion
Class B Common Stock
[F9][F1]2026-07-13−12,100→ 20,728,385 total(indirect: See footnote)→ Class A Common Stock (12,100 underlying) - Conversion
Class B Common Stock
[F9][F1]2026-07-14−12,100→ 20,716,285 total(indirect: See footnote)→ Class A Common Stock (12,100 underlying)
Footnotes (9)
- [F1]The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 20, 2025.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.105 to $91.09. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F4]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.11 to $92.10. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F5]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.105 to $93.0975. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F6]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.925 to $89.915. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F7]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.93 to $90.92. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F8]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.94 to $91.86. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F9]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.
Signature
/s/ Cheree McAlpine, Attorney-in-Fact|2026-07-15