The CEO and founder of Zoom Video Communications has offloaded more than $38million worth of stock in the company now facing intense scrutiny over alleged privacy breaches, DailyMail.com can reveal.

Zoom's profile and stock skyrocketed as millions of users turned to it to keep in touch with colleagues, friends and family during the COVID-19 crisis lockdowns. But it has been hit by a string of privacy concerns and allegations that the company failed to live up to its claim that communications were 'end to end encrypted.'

Instead, code in the original App allowed users' personal data to be disclosed to third parties, including Facebook.

Zoom launched an updated app on March 27 which, they claim has fixed the problem but two lawsuits have already been filed by users alleging breaches in privacy and the company is currently being investigated by the New York Attorney General and the FBI.

CEO of Zoom Video Communication Eric Yuan, 50, along with several senior executives sold millions of dollars' worth of their shares

Zoom has been hit by privacy concerns and allegations that the company failed to live up to its claim that communications were 'end to end encrypted'

Now, Security Exchange Commission insider trading records seen by DailyMail.com show that, while the company was struggling to address these privacy issues, CEO Eric Yuan, 50, along with several senior executives sold millions of dollars' worth of their shares. All have declared their sales to the SEC as legally required.

Janine Pelosi, Chief Marketing Officer, has made close to $14 million in trades since February

Yuan, whose $6.8billion fortune was built on the video conferencing platform and app which went public last April, made $10.5million on January 14, $12.5million on February 12 and $15.5million on March 16.

Chief Marketing Officer Janine Pelosi, 35, who today publicly admitted that the 'platform was not designed for consumers' and that the huge uptake in users forced Zoom to re-evaluate a lot - specifically privacy settings – has made close to $14million in trades since February.

Records show that Pelosi has made 13 trades since 2019, for the most part steadily trading between 13 and 15,000 shares at a time.

But on February 18 she made by far her largest trade to date, selling 81,850 units of Zoom stock and pocketing $7.76million. She sold a further 31,850 units on March 9 and 15,623 units on March 16 in trades that brought $3.4million and $1.7million respectively.

Chief Financial Officer, Kelly Steckelberg has traded $5.3million of her shares and company Director Santiago Subotovksy has made $16.8million in two trades in March alone.

Reports of the platform's vulnerability to hacking were circulating as early as July 2019.

In recent weeks a string of reports including investigations posted on Vice's Motherboard exposed potential data breaches as Zoom's popularity surged with millions working from home and self-isolating through the coronavirus pandemic.

Among some of the issues faced by the platform is so-called 'Zoom bombing' in which hackers hijack video conferences to show pornography or hate messages. This is currently under investigation by the FBI.

Chief Financial Officer, Kelly Steckelberg (with Yuan at left) has traded $5.3million of her shares and company Director Santiago Subotovksy (right) has made $16.8million in two trades in March alone

Zoom's profile and stock skyrocketed as millions of users turned to it to keep in touch with colleagues, friends and family during the COVID-19 crisis lockdowns (stock photo)

The company's share price has dipped as Zoom has faced backlash. By close of day Wednesday stock had fallen 6 percent – making it the third day straight of declines.

As of today the stock is down 12 percent. Yuan owns 20.5 -22 percent of the stock, according to reports.

His peak sale was at $110.7, though stock went higher (Subotovsky managed to sell at $121) and the sales at the beginning of the year were running around $80-$90.

When the company went public in April 2019 shares were $36. By the end of that day they’d gone up 72 percent.

And the stock price, which had rocketed up over 115 percent in the first two months of the year, has now toppled by 10 percent since March 27 alone.

A spokesperson for Zoom Video Communications told DailyMail.com that, 'As is common among public companies, certain Zoom executives and Board members have pre-set trading plans that will automatically generate at predetermined times with no input from them.'

He added, 'Additionally, a portion of Eric's trades are not sales, but donations to humanitarian causes,' and pointed out that all of the executives named still own a significant amount of Zoom stock and remained, 'extremely optimistic,' about the company's future.