Zoom CFO Michelle Chang Sells $844K in Stock Under Rule 10b5-1 Plan
Zoom Communications, Inc.
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Filing Summary
# Insider Transaction Alert: Zoom Communications, Inc. ($ZM)
**Insider:** Michelle Chang (Chief Financial Officer)
**Filing Date:** October 13, 2026 | **Transaction Dates:** October 9–12, 2026
### Summary of Activity
- **Acquired:** 22,218 shares via RSU vesting (Price: $0.00)
- **Tax Withholding:** 8,743 shares @ $94.67 ($827,699.81)
- **Open Market Sales:** 8,489 shares sold across two tranches @ weighted average ~$99.46
- 2,742 shares @ $98.6696
- 5,747 shares @ $99.8414
- **Total Gross Sale Proceeds:** $844,340.57
- **Post-Transaction Holdings:** 40,438 shares of Class A Common Stock
- **Plan:** Rule 10b5-1 Trading Plan adopted June 13, 2025
Comprehensive Analysis
Executive Summary
On October 13, 2026, Zoom Communications, Inc. ($ZM) Chief Financial Officer Michelle Chang filed a Form 4 reporting equity vesting and sales under an established Rule 10b5-1 trading plan.
Transaction Breakdown
-
Equity Award Settlement (October 9, 2026):
- Vesting: 22,218 Restricted Stock Units (RSUs) converted into Class A Common Stock at $0 per share.
- Tax Withholding (Code F): 8,743 shares withheld at $94.67 per share to satisfy statutory tax obligations, valued at $827,699.81.
-
Open Market Sales (October 12, 2026):
- Tranche 1: 2,742 shares sold at a volume-weighted average price of $98.6696 (range: $98.17 to $99.11).
- Tranche 2: 5,747 shares sold at a volume-weighted average price of $99.8414 (range: $99.20 to $99.96).
- Total Open Market Disposition: 8,489 shares for total proceeds of approximately $844,340.57.
-
Pre-Scheduled Plan:
- All open market sales were executed pursuant to a Rule 10b5-1 trading plan adopted on June 13, 2025, satisfying the applicable cooling-off period.
Holdings Context
Following these transactions, Michelle Chang retains direct ownership of 40,438 shares of Class A Common Stock alongside 177,738 remaining unvested Restricted Stock Units. Her direct equity holdings actually experienced a net increase of 4,986 shares as the 22,218 vested units exceeded the combined tax withholdings and market sales (17,232 total shares disposed).
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