Sankarlingam Velchamy, President of Engineering and Product at Zoom Communications, Inc. (NASDAQ:ZM), filed a Form 4 on September 11, 2026, reporting a series of transactions in Class A Common Stock on September 9 and 10, 2026.

Key Highlights

  • RSU Vesting: Velchamy acquired 7,031 shares of Class A Common Stock via RSU vesting (transaction code M) on September 9, 2026, at $0 per share.
  • Tax Withholding: 3,579 shares were withheld by the issuer on September 9, 2026, at $96.44 per share to satisfy tax withholding obligations connected to RSU vesting.
  • Open-Market Sales: Velchamy sold 2,384 shares at a weighted average price of $95.7585 and 206 shares at a weighted average price of $96.372, both on September 10, 2026.
  • Rule 10b5-1 Plan: The transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
  • Remaining Direct Ownership: Following all reported transactions, Velchamy directly held 149,265 shares of Class A Common Stock.
  • Indirect Holdings: Velchamy also holds 36,060 shares indirectly through the Velchamy Family Trust, and 2,000 shares each indirectly by Harshini Velchamy, Ashwini Velchamy, and Janani Velchamy.
  • Remaining RSUs: Velchamy holds 145,262 restricted stock units representing contingent rights to receive Class A Common Stock.

Velchamy RSU Vesting and Share Sales at Zoom Communications

According to the filing, on September 9, 2026, Velchamy acquired 7,031 shares of Class A Common Stock through the vesting of restricted stock units at $0 cost. On the same date, two RSU awards were settled: 4,224 units from an award granted September 9, 2022 (vesting in equal quarterly installments over four years) and 2,807 units from an award granted September 12, 2023 (vesting in equal quarterly installments over three years), both coded as transaction type M.

Also on September 9, 2026, the issuer withheld 3,579 shares at $96.44 per share to cover tax withholding obligations related to the RSU vesting, as the filing explains in its footnotes. On September 10, 2026, Velchamy sold 2,384 shares at a weighted average price of $95.7585, with individual transactions ranging from $95.29 to $96.205, and sold an additional 206 shares at a weighted average price of $96.372, with individual transactions ranging from $96.29 to $96.45. The filing notes that the reporting person will provide full per-price transaction detail upon request to the issuer, any security holder, or SEC staff.

The filing indicates that a third RSU award, under which 145,262 units remain outstanding, vests quarterly in 16 equal installments beginning July 9, 2024. In total, Velchamy's directly held shares after all reported transactions stand at 149,265. Indirect holdings include 36,060 shares via the Velchamy Family Trust and 6,000 shares held by three individuals identified in the filing. The Form 4 was signed by Cheree McAlpine as Attorney-in-Fact on September 11, 2026.

What Was Disclosed

The filing disclosed RSU vesting, tax-related share withholding, and open-market sales of Class A Common Stock by Zoom Communications' President of Engineering and Product, all executed under a Rule 10b5-1 plan, with resulting beneficial ownership reported as of September 10, 2026.