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

Rhea-AI Filing Summary

Zoom Communications, Inc. (ZM) – Form 4 insider transaction filed for Chief Operating Officer Aparna Bawa.

• Transaction date: 07/08/2025.
• Non-derivative activity: 21,392 Class A shares acquired via option/RSU conversion (Code M) at $0 cost; 10,864 shares automatically withheld for taxes (Code F) at $77.17, leaving 23,370 Class A shares held indirectly through the Bawa Family Trust.
• Derivative activity: Two tranches of Restricted Stock Units (RSUs) converted:
  • 11,963 RSUs from the July 8 2022 grant (4-year quarterly vesting).
  • 9,429 RSUs from the July 11 2023 grant (3-year quarterly vesting).
  Post-transaction derivative balances: 47,852 and 37,716 unvested RSUs, respectively.
• No open-market purchase or sale occurred; transactions were limited to vesting, option exercises, and tax withholding.
• Ownership structure: Shares are held indirectly via a family trust; remaining unvested RSUs are held directly.

The filing reflects routine executive equity vesting and tax withholding rather than a discretionary buy/sell decision. There is no indication of material change in the executive’s overall ownership position relative to Zoom’s total float; therefore, market impact is expected to be minimal.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; no open-market trade, negligible impact on ZM valuation.

The Form 4 shows standard quarterly vesting of previously awarded RSUs and automatic share withholding for taxes. Aparna Bawa’s net share count changed modestly (≈10.5 k shares reduction) versus Zoom’s ~304 million diluted share count, an immaterial 0.003%. No purchase or sale signal is conveyed because Code M and Code F are non-discretionary events. Investors should view the filing as neutral for the stock.

Corporate Governance Specialist

TL;DR: Consistent equity compensation schedule, standard trust structure, no red flags.

The COO continues to receive and vest equity in alignment with long-term incentive plans adopted in 2022 and 2023. Holding shares through a family trust is common estate planning and does not affect voting power. Absence of discretionary selling suggests confidence or at least no negative signal. Filings remain timely and compliant, reflecting effective internal controls.

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).

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^*

Bawa Aparna

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/08/2025		M		21,392	A	$0	23,370	I	See footnote(1)
Class A Common Stock	07/08/2025		F(2)		10,864	D	$77.17	12,506	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
Restricted Stock Units	(3)	07/08/2025		M			11,963	(4)	(4)	Class A Common Stock	11,963	$0	47,852	D
Restricted Stock Units	(3)	07/08/2025		M			9,429	(5)	(5)	Class A Common Stock	9,429	$0	37,716	D

Explanation of Responses:

1. The shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees.

2. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.

3. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

4. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.

5. 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:

	/s/ Aparna Bawa, Attorney-in-Fact	04/10/2025
	** 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.

FAQ

How many Zoom (ZM) shares did COO Aparna Bawa acquire on 07/08/2025?

She acquired 21,392 Class A shares through RSU conversion (Code M).

Why were 10,864 Zoom shares disposed of in the Form 4 filing?

The shares were withheld by the issuer at $77.17 to satisfy tax obligations related to RSU vesting (Code F).

Does the Form 4 indicate an open-market purchase or sale by the executive?

No. All activity involves automatic RSU vesting and tax withholding; no discretionary market trade occurred.

What is Aparna Bawa’s share ownership in Zoom after the reported transactions?

She indirectly owns 23,370 Class A shares via the Bawa Family Trust and retains 85,568 unvested RSUs.

Are the remaining RSUs from the 2022 and 2023 grants fully vested?

No. The RSUs will continue to vest in equal quarterly installments over four years (2022 grant) and three years (2023 grant).