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Zoom Communications | 4: Statement of changes in beneficial ownership of securities-Officer Crehan Shane

SEC ·  Dec 12 08:35

Summary by Futu AI

Zoom Video Communications' Chief Accounting Officer, Crehan Shane, executed a series of stock transactions on December 9-10, 2024. On 12/09/2024, Shane acquired 3,013 shares of Class A Common Stock at $0 through the exercise of derivative securities. This increased his direct holdings to 4,802 shares.The following day, 12/10/2024, Shane sold 1,551 shares in an open market transaction at an average price of $84.939 per share, generating approximately $131,740 in total value. After these transactions, Shane's direct ownership of Zoom's Class A Common Stock stood at 3,251 shares.These completed transactions reflect a net increase in Shane's shareholding, despite the partial sale. The exercise of derivative securities at no cost, followed by a market sale, suggests a potential realization of gains from equity-based compensation.
Zoom Video Communications' Chief Accounting Officer, Crehan Shane, executed a series of stock transactions on December 9-10, 2024. On 12/09/2024, Shane acquired 3,013 shares of Class A Common Stock at $0 through the exercise of derivative securities. This increased his direct holdings to 4,802 shares.The following day, 12/10/2024, Shane sold 1,551 shares in an open market transaction at an average price of $84.939 per share, generating approximately $131,740 in total value. After these transactions, Shane's direct ownership of Zoom's Class A Common Stock stood at 3,251 shares.These completed transactions reflect a net increase in Shane's shareholding, despite the partial sale. The exercise of derivative securities at no cost, followed by a market sale, suggests a potential realization of gains from equity-based compensation.

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