Zoom Founder Eric Yuan Transfers $6 Billion Worth of Shares
- Filings don’t specify the recipient of the donated stock
- Gifts were ‘typical estate planning practices,’ spokesman says
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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.