Yuan gifted almost 18 million shares of the conferencing-technology firm last week.
ERIC Yuan, chief executive officer of Zoom Video Communications Inc., donated more than a third of his stake in the company, filings show.
Yuan gifted almost 18 million shares of the conferencing-technology firm last week. The filings didn’t specify the recipient of the stock, which was owned by a Grantor Retained Annuity Trust, or GRAT, for which Yuan is a trustee.
The shares were valued at about $6 billion, based on Friday’s closing price.
The distributions are consistent with the Yuans’ typical estate planning practices, ” a Zoom spokesman said in a statement.
Zoom Founder Eric Yuan Transfers $6 Billion Worth of Sh
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Zoom CEO Eric Yuan donates $6 billion of shares
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