Zoom (ZM) President Sankarlingam Velchamy Exercises RSUs, Sells 2,590 Shares

What Happened

• Sankarlingam Velchamy, President of Engineering & Product at Zoom (ZM), had restricted stock units convert to shares on 2026-09-09 and then sold a portion of those shares. The filing shows 7,031 shares issued/converted (reported as exercise/conversion of derivatives). Of those, 3,579 shares were withheld by the issuer to cover tax withholding (valued at $345,159). On 2026-09-10 he sold 2,384 shares at a weighted average of $95.76 ($228,288) and 206 shares at a weighted average of $96.37 ($19,853) — open-market proceeds of $248,141. Including the tax-withheld value, the total value associated with the dispositions is $593,300.
• These transactions are consistent with routine RSU vesting with shares withheld for taxes and subsequent market sales (not an out-of-pocket purchase).

Key Details

• Transaction dates: conversions/vesting on 2026-09-09; open-market sales on 2026-09-10. Form 4 filed 2026-09-11 (appears timely).
• Shares issued/converted: 7,031 shares on 2026-09-09 (reported as derivative exercise/conversion).
• Shares withheld for taxes: 3,579 shares at $96.44 (F1) = $345,159.
• Open-market sales: 2,384 shares at weighted avg $95.76 = $228,288 (prices ranged $95.29–$96.205 per F2); 206 shares at weighted avg $96.37 = $19,853 (prices ranged $96.29–$96.45 per F3).
• Total proceeds/value reported from dispositions (sales + withholding): $593,300; open-market cash proceeds: $248,141.
• Footnotes: shares are from vested restricted stock units (RSUs). Footnotes F4–F7 describe RSU grant dates and vesting schedules (awards from 2022, 2023 and a award vesting quarterly since July 2024). F1 explains issuer withholding to satisfy tax obligations.
• Shares owned after the transactions: not specified in the filing.

Context

• This filing reflects RSU vesting and typical tax withholding plus market sales rather than an outright cash purchase. Such transactions are common when RSUs vest and do not, by themselves, indicate a change in insider conviction.