Form 4: Zoom Communications Executive Shane Crehan Reports Stock Transactions
SEC Form 4 Filing
Shane Crehan, Chief Accounting Officer of Zoom Communications, reports the vesting and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On March 9, 2025, Shane Crehan, Chief Accounting Officer of Zoom Communications, reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Crehan acquired 3,013 shares of Class A Common Stock upon the vesting of RSUs.
- He disposed of 1,079 shares to cover tax withholding obligations at a price of $75.98 per share.
- The transactions involved the vesting of 1,810 and 1,203 Restricted Stock Units, converting into Class A Common Stock.
- Crehan also holds 49,911 Restricted Stock Units and 3,774 Performance-vesting RSUs.
- Following these transactions, Crehan directly owns 7,338 shares of Class A Common Stock, 10,860 Restricted Stock Units and 7,218 Restricted Stock Units.
- The report was filed on March 11, 2025, by Aparna Bawa, Attorney-in-Fact.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common for publicly traded companies. It provides transparency into insider activity but doesn't necessarily indicate broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by an executive.
- Employees holding RSUs may be interested in the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| 09/09/2022 | Reporting Person received an award of restricted stock units on September 9, 2022, 1/4 of which will vest on the anniversary date of the award. |
| 09/12/2023 | Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years. |
| 10/09/2024 | The Reporting Person received an award of restricted stock units which vest quarterly in 16 equal installments beginning on October 9, 2024. |
| 02/25/2025 | Determination of the number of performance-vesting RSUs that were eligible to vest, which determination occurred on February 25, 2025. |
| 03/09/2025 | Date of earliest transaction: vesting of restricted stock units and sale of shares for tax obligations. |
| 03/11/2025 | Date of Form 4 filing. |
| 04/09/2025 | The performance-vesting RSU is also subject to a service-based vesting requirement and will vest on April 9, 2025. |
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