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  4. [Form 4/A] Zoom Communications, Inc. Amended Insider Trading Activity

Zoom Communications, Inc. (ZM) CEO Eric Yuan discloses 10b5-1 sales and conversions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Zoom Communications, Inc. Chief Executive Officer and director Eric S. Yuan reported insider transactions dated December 2 and 3, 2025. He converted shares of Class B Common Stock into Class A Common Stock at a conversion price of $0 and sold the resulting Class A shares in multiple open-market transactions, with the sales effected under a Rule 10b5-1 trading plan adopted on June 20, 2025.

Following these transactions, he indirectly beneficially owned 21,032,456 shares of Class B Common Stock through a revocable trust. Each Class B share is convertible into one share of Class A Common Stock at his option and will automatically convert upon specified events, including certain changes in his service or control and the 15-year anniversary of the closing of the company’s initial public offering.

Yuan also holds restricted stock units covering 114,844 and 90,518 shares of Class A Common Stock, granted on July 8, 2022 and July 11, 2023, which vest in equal quarterly installments over four and three years, respectively. This Form 4/A is described as amending a form filed on December 4, 3025 to correct administrative errors.

Positive

  • None.

Negative

  • None.
Insider Yuan Eric S.
Role Chief Executive Officer
Sold 146,756 shs ($12.56M)
Type Security Shares Price Value
Conversion Class B Common Stock 73,378 $0.00 --
Conversion Class A Common Stock 73,378 $0.00 --
Sale Class A Common Stock 2,768 $84.6221 $234K
Sale Class A Common Stock 70,506 $85.663 $6.04M
Sale Class A Common Stock 104 $86.0806 $9K
Conversion Class B Common Stock 73,378 $0.00 --
Conversion Class A Common Stock 73,378 $0.00 --
Sale Class A Common Stock 39,550 $85.0279 $3.36M
Sale Class A Common Stock 30,124 $85.9701 $2.59M
Sale Class A Common Stock 3,704 $86.7131 $321K
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
Holdings After Transaction: Class B Common Stock — 21,032,456 shares (Indirect, See footnote); Class A Common Stock — 73,378 shares (Indirect, See footnote); Restricted Stock Units — 114,844 shares (Direct)
Footnotes (1)
  1. The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 20, 2025. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.52 to $85.51. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.535 to $86.51. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.52 to $86.925. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.07 to $85.055. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.08 to $86.06. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.07 to $86.095. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did Zoom (ZM) disclose for Eric S. Yuan?

The filing shows that Eric S. Yuan, Chief Executive Officer and director of Zoom Communications, Inc., converted Class B Common Stock into Class A Common Stock at a conversion price of $0 on December 2, 2025 and December 3, 2025, and sold the resulting Class A shares in multiple open-market transactions.

Were Eric Yuans Zoom stock sales made under a Rule 10b5-1 trading plan?

Yes. The explanation states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 20, 2025, which is a pre-arranged plan for trading equity securities.

How many Class B shares does Eric Yuan beneficially own after these transactions at Zoom (ZM)?

After the reported transactions on December 3, 2025, the table shows that Eric S. Yuan beneficially owned 21,032,456 derivative securities classified as Class B Common Stock, held indirectly through a revocable trust.

How can Zooms Class B Common Stock be converted into Class A Common Stock?

Each share of Class B Common Stock is convertible at the option of the reporting person into one share of Class A Common Stock and has no expiration date. The footnotes state that all outstanding Class B shares will automatically convert into Class A shares upon specified events, including six months after Eric S. Yuans death or incapacity, six months after he ceases providing services, a date specified by holders of a majority of Class B shares, or the 15-year anniversary of the closing of the companys initial public offering.

What restricted stock units does Eric Yuan hold in Zoom (ZM)?

The filing shows that each restricted stock unit represents a right to receive one share of Class A Common Stock. Eric S. Yuan holds awards covering 114,844 shares, granted on July 8, 2022 and vesting in equal quarterly installments over four years, and 90,518 shares, granted on July 11, 2023 and vesting in equal quarterly installments over three years.

Why was this Zoom (ZM) Form 4 amended?

The remarks section explains that a form filed on December 4, 3025 is being amended due to administration errors, and this Form 4/A reflects those corrections.

Who holds the Zoom shares reported as indirectly owned by Eric Yuan?

According to the explanation, the shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the 2018 Yuan and Zhang Revocable Trust, for which the reporting person and the reporting persons spouse serve as cotrustees.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Yuan Eric S.
(Last) (First) (Middle)
C/O ZOOM COMMUNICATIONS, INC.
55 ALMADEN BOULEVARD, 6TH FLOOR
(Street)
SAN JOSE CA 95113
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Zoom Communications, Inc. [ ZM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
12/04/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 12/02/2025 C 73,378 A $0 73,378 I See footnote(1)
Class A Common Stock 12/02/2025 S(2) 39,550 D $85.0279(3) 33,828 I See footnote(1)
Class A Common Stock 12/02/2025 S(2) 30,124 D $85.9701(4) 3,704 I See footnote(1)
Class A Common Stock 12/02/2025 S(2) 3,704 D $86.7131(5) 0 I See footnote(1)
Class A Common Stock 12/03/2025 C 73,378 A $0 73,378 I See footnote(1)
Class A Common Stock 12/03/2025 S(2) 2,768 D $84.6221(6) 70,610 I See footnote(1)
Class A Common Stock 12/03/2025 S(2) 70,506 D $85.663(7) 104 I See footnote(1)
Class A Common Stock 12/03/2025 S(2) 104 D $86.0806(8) 0 I See footnote(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (9) 12/02/2025 C 73,378 (9) (9) Class A Common Stock 73,378 $0 21,105,834 I See footnote(1)
Class B Common Stock (9) 12/03/2025 C 73,378 (9) (9) Class A Common Stock 73,378 $0 21,032,456 I See footnote(1)
Restricted Stock Units (10) (11) (11) Class A Common Stock 114,844 114,844 D
Restricted Stock Units (10) (12) (12) Class A Common Stock 90,518 90,518 D
Explanation of Responses:
1. The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 20, 2025.
3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.52 to $85.51. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.535 to $86.51. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.52 to $86.925. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.07 to $85.055. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
7. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.08 to $86.06. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
8. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.07 to $86.095. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
9. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.
10. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
11. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
12. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
Remarks:
The form 4 filed on December 4, 3025 is being amended due to administration errors.
/s/ Aparna Bawa, Attorney-in-Fact 12/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR