Form 4: Zoom Communications CFO Sells Shares
Insider Transaction (Form 4)
Michelle Chang, Chief Financial Officer of Zoom Communications, Inc., sold 8,489 shares of common stock on October 9, 2026.
Summary
- Option exercise/conversion: acquired 22,218 Class A Common Stock on October 9, 2026; holds 57,670 after (Direct).
- Tax/exercise-price withholding: disposed of 8,743 Class A Common Stock at $94.67 ($827,700) on October 9, 2026; holds 48,927 after (Direct).
- Open-market sale: disposed of 2,742 Class A Common Stock at $98.67 ($270,552) on October 12, 2026; holds 46,185 after (Direct).
- Open-market sale: disposed of 5,747 Class A Common Stock at $99.84 ($573,789) on October 12, 2026; holds 40,438 after (Direct).
- Option exercise/conversion: disposed of 22,218 Restricted Stock Units on October 9, 2026; holds 177,738 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $844,341 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Michelle Chang — Officer (Chief Financial Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-09 | Option exercise/conversion | Class A Common Stock | 22,218 | — | — | 57,670 |
| 2026-10-09 | Tax/exercise-price withholding | Class A Common Stock | 8,743 | $95 | $827.7K | 48,927 |
| 2026-10-12 | Open-market sale | Class A Common Stock | 2,742 | $99 | $270.6K | 46,185 |
| 2026-10-12 | Open-market sale | Class A Common Stock | 5,747 | $100 | $573.8K | 40,438 |
| 2026-10-09 | Option exercise/conversion | Restricted Stock Units | 22,218 | — | — | 177,738 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-09 | Option exercise/conversion (22,218 shares) |
| 2026-10-09 | Tax/exercise-price withholding (8,743 shares) |
| 2026-10-12 | Open-market sale (2,742 shares) |
| 2026-10-12 | Open-market sale (5,747 shares) |
| 2026-10-09 | Option exercise/conversion (22,218 shares) |
Keywords
insider transaction, Form 4, ZM, Zoom Communications, Inc., bearish, Michelle Chang
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