Summary by Futu AI
Eric S. Yuan, CEO of Zoom Video Communications, Inc., is set to sell 285,714 shares of Class A Common Stock on 11/05/2024, with an aggregate market value of approximately $22,214,263. The shares were originally acquired on 06/22/2011 as part of a Founder's Shares Class B to Class A conversion, in exchange for services rendered to the company. This planned sale follows a series of transactions over the past three months, where a total of 280,006 shares were sold for gross proceeds of $20,621,655.22. The notice of the upcoming sale was filed on the same day as the planned sale date, with the plan for this transaction having been adopted on 07/12/2024.