Zoom CEO sold all of his common shares

Could be something ominous (though that seems like it would be blatant insider trading). Or, perhaps the CEO thinks that the stock has peaked for the near future. Given Zoom's popularity right now, that seems like a real possibility.

Re: Zoom CEO sold all of his common shares

#7

Post by dkyc » Thu, May 14, 2020, 4:32 PM UTC

This is complete nonsense. He sold about $23m worth of stock [1], while he owned about 22% of stock at the time of IPO, worth roughly ~$10b in total.

[1] https://www.gurufocus.com/news/1135874/zoom-video-communicat...

Re: Zoom CEO sold all of his common shares

#8

Post by rantwasp » Thu, May 14, 2020, 4:32 PM UTC

Irishsteve wrote: post #2

I’m not able to work our from this if it’s actually all his common stock. Any idea where to get that.

you cannot work it out from this form. it tells you what he’s selling and when it was acquired.

it does look bad though

Re: Zoom CEO sold all of his common shares

#9

Post by elliekelly » Thu, May 14, 2020, 4:33 PM UTC

pubkraal wrote: post #4

Is this not an action that commonly is prepared months in advance?

Yes, footnote 1 says the transactions were effected pursuant to a 10b5-1 plan.

Re: Zoom CEO sold all of his common shares

#10

Post by xoxoy » Thu, May 14, 2020, 4:33 PM UTC

Irishsteve wrote: post #2

I’m not able to work our from this if it’s actually all his common stock. Any idea where to get that.

The very last line item on Table 1 shows 0 shares owned after his final sale.