5 ms·

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

• xoxoy 6y ago
  The very last line item on Table 1 shows 0 shares owned after his final sale.
  • mcintyre1994 6y ago
    The first line implies 0 owned before, because he acquired X and now owns X afterward.
  • deleted 6y ago
    [deleted]
  • x0x0 6y ago
    That's some artifact of the form or the reporting requirements. Per their Mar 20 2020 10k [1], Eric holds > As of January 31, 2020, our founder, President and Chief Executive Officer, Eric S. Yuan, together with his affiliates, held approximately 16.5% of our outstanding capital stock [1] https://investors.zoom.us/static-files/09a01665-5f33-4007-8e90-de02219886aa https://investors.zoom.us/static-files/09a01665-5f33-4007-8e...
  • MR4D 6y ago
    That’s class A shares. He got those by converting some of his class B shares. See footnote 18 on the table.
  • deleted 6y ago
    [deleted]
• rodw 6y ago
  Is there any way to edit the HN post title to be more accurate? "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline.
  • johnwheeler 6y ago
    If he has stock worth $10 billion, it's insignificant.
    • rodw 6y ago
      I guess. I don't know how much of that $10b is readily liquid. If we really want to look at it in percentage terms it seems like that number is the one to compare to. Frankly it seems reasonable to me to sell off some shares to "lock in" some of the gains; I'm not sure that shows a lack of confidence going forward. Besides, there's a lot of reasons to sell shares. Maybe he's buying a house.
  • deleted 6y ago
    [deleted]
  • skwirl 6y ago
    Just flag it. I really don't think your proposed headline would have gotten any traction here and would have immediately dropped off the front page.
    • MR4D 6y ago
      Good point. Also, the title violates HN guidelines.
    • rodw 6y ago
      > I really don't think your proposed headline would have gotten any traction here That's OK with me.
  • ceejayoz 6y ago
    > "Zoom CEO sold $24m worth of stock" is still a pretty compelling headline. Is it? That's like a quarter percent of his holdings.
• fra 6y ago
  Came here to say this. He started with 0 shares of class A stock, and ends with 0 shares of class A stock. What he did do is convert $23m worth of class B stock into class A stock, and sell it. Adding up all the class B stock & options he holds at the end of the transaction (Table II, column 9), he still holds ~50M shares (worth ~$165 a pop as of this writing).
  • PowerfulWizard 6y ago
    Even though the title is wack I just want to thank the original poster for inadvertently causing me to learn how to interpret SEC Form 4.
  • apta 6y ago
    > he still holds ~50M shares (worth ~$165 a pop as of this writing). I don't understand people like this. What could you possibly do with all that money? Just sell and retire.
    • kxr 6y ago
      You assume becoming a billionaire is the endgame here.
• Bang2Bay 6y ago
  I see an X against 10% Owner. which means of the market cap of 46 billion Eric Yuan should own at the least $4.6 billion worth of shares. the current sale is noise (0.005 % of his shares. )