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Zoom Video Communications | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Eric S. Yuan(7.4%)

SEC announcement · Feb 14 16:09

ZM +1.57%

Summary by Moomoo AI

Eric S. Yuan, the founder and CEO of Zoom Video Communications, has filed an amended Schedule 13G with the United States Securities and Exchange Commission on February 14, 2024, indicating a change in his ownership stake in the company. As of December 31, 2023, Yuan beneficially owns 22,678,217 shares of Zoom, which represents 7.4% of the company's capital stock and 8.0% of its Class A Common Stock. This ownership includes 68,455 shares of Class A Common Stock that are issuable upon vesting of restricted stock units within 60 days of the reporting date and 22,609,762 shares held by the 2018 Yuan and Zhang Revocable Trust, for which Yuan and his spouse are cotrustees. The filing also notes that the shares of Class B Common Stock, which Yuan holds, represent 31.0% of the aggregate combined voting power of the company's Class A and Class B Common Stock.

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