(Bloomberg) — 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 shares, which were 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…