Form 4: Zoom CFO Kelly Steckelberg Reports Stock Transactions
SEC Form 4 Filing
Kelly Steckelberg, CFO of Zoom Video Communications, reports multiple transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On April 6, 2024, Kelly Steckelberg, CFO of Zoom Video Communications, reported transactions involving Class A Common Stock and Restricted Stock Units.
- These transactions included the vesting of 10,388 Restricted Stock Units and the subsequent acquisition of Class A Common Stock.
- A portion of the acquired shares (4,476) were withheld by the issuer to cover tax obligations.
- On April 8, 2024, additional transactions occurred, including the vesting of 33,217 Restricted Stock Units and a tax withholding of 14,188 shares.
- Following these transactions, Steckelberg directly owns 102,176 shares of Class A Common Stock and indirectly owns 102,176 shares through a trust.
- She also holds 131,772 and 167,184 Restricted Stock Units.
- Steckelberg also holds options to purchase 518,064 and 100,000 shares of Class B Common Stock, which are convertible to Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions reported in the Form 4 filing provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| July 29, 2006 | Date of Kelly Steckelberg Trust |
| November 6, 2018 | Vesting start date for one of the employee stock options |
| September 24, 2018 | Vesting start date for one of the employee stock options |
| July 8, 2022 | Date of restricted stock unit award that vests quarterly over four years |
| April 6, 2023 | Date of restricted stock unit award that vests 100% on the first anniversary |
| July 11, 2023 | Date of restricted stock unit award that vests quarterly over three years |
| January 6, 2028 | Expiration date for one of the employee stock options |
| September 24, 2028 | Expiration date for one of the employee stock options |
| April 6, 2024 | Date of reported stock transactions |
| April 8, 2024 | Date of reported stock transactions |
| April 9, 2024 | Date of signature on the Form 4 filing |
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