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ZM has two classes of Common Stock - Class A & Class B. Looks like Eric exited his Class A shares but he still holds over $4B+ USD in Class B. source: https:/
by BukhariH 6y ago
ZM has two classes of Common Stock - Class A & Class B.
Looks like Eric exited his Class A shares but he still holds over $4B+ USD in Class B.
source: https://docoh.com/company/1773298/yuan-eric-s/insider-ownership-history https://docoh.com/company/1773298/yuan-eric-s/insider-owners...
- fra 6y agoHe didn't exit class A, he didn't hold it in the first place. Instead, he converted a small percentage of his class B into class A, and sold it.
- BukhariH 6y agoConverting from Class B -> Class A opens a position in Class A. Selling those Class A shares is still exiting a position in Class A. But you're definitely right about the context! He merely converted some Class B shares (non-publicly traded with 10X voting rights) to Class A (publicly traded) in order to sell them.