Form 4: Zoom Video Communications Director, Daniel Scheinman, Reports Stock Transactions
SEC Form 4 Filing
Director Daniel Scheinman reports acquisition and disposal of Zoom Video Communications stock and restricted stock units.
Summary
- On June 12, 2024, Daniel Scheinman, a director of Zoom Video Communications, reported the acquisition of 4,089 shares of Class A Common Stock at $0 and the disposal of 4,089 Restricted Stock Units.
- Following these transactions, Scheinman directly owns 0 Restricted Stock Units and indirectly owns 5,969 shares of Class A Common Stock through the Dan & Zoe Scheinman Trust Dated 2/23/01.
- On June 13, 2024, Scheinman acquired 4,361 Restricted Stock Units.
- Scheinman also indirectly holds 1,126,281 shares of Class A Common Stock and 437,974 shares of Class A Common Stock through other trusts.
- Scheinman also holds a Director Stock Option (right to buy) for 100,000 shares of Class B Common Stock at an exercise price of $10.79, vesting monthly from November 29, 2018.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment. It simply reflects the trading activity of a company director.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for directors and officers of publicly traded companies, ensuring compliance with SEC regulations.
- The vesting schedule of the stock options is typical, with monthly installments commencing after a specified date.
- The conversion feature of Class B Common Stock to Class A Common Stock is a common structure used by companies to maintain control while allowing for public trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure of the company.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 2/23/01 | Date of the Dan & Zoe Scheinman Trust |
| 11/29/2018 | Start date for monthly vesting of Director Stock Option |
| 06/12/2024 | Transaction date for acquisition of Class A Common Stock and disposal of Restricted Stock Units |
| 06/13/2024 | Transaction date for acquisition of Restricted Stock Units |
| 06/14/2024 | Date of signature for the Form 4 filing |
| 11/29/2028 | Expiration date of Director Stock Option |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.