Zoom Executives Engage in Stock Transactions
| Reporter Name | Relationship | Type | Amount | SEC Filing |
|---|---|---|---|---|
| Napolitano Janet | Director | Sell | $310,650 | Form 4 |
| Crehan Shane | Chief Accounting Officer | Sell | $123,451 | Form 4 |
| Sankarlingam Velchamy | Pres. of Engineering & Product | Sell | $718,603 | Form 4 |
Janet Napolitano, a Director at Zoom Video Communications, sold 4,477 shares of Class A Common Stock on October 9, 2024, at weighted average prices of $68.9599 and $69.7784, totaling $310,650. Following these transactions, Napolitano directly owns 2,984 shares of the company. The sales were conducted under a Rule 10b5-1 trading plan.
Shane Crehan, Chief Accounting Officer at Zoom Video Communications, sold 1,776 shares of Class A Common Stock on October 10, 2024, at a price of $69.5107 per share, totaling $123,451. Post-transaction, Crehan directly owns 1,789 shares. The sale was part of a 'sell to cover' transaction to satisfy tax withholding obligations under the company's equity incentive plans.
Sankarlingam Velchamy, President of Engineering & Product at Zoom Video Communications, sold 10,338 shares of Class A Common Stock on October 10, 2024, at a price of $69.5109 per share, totaling $718,603. After the sale, Velchamy directly owns 104,414 shares. This transaction was also a 'sell to cover' to meet tax withholding obligations mandated by the company's equity incentive plans.