Were Eric Yuan’s recent Zoom (ZM) share sales under a Rule 10b5-1 plan?

Yes. The filing states the sales were carried out under a Rule 10b5-1 trading plan adopted on June 20, 2025. Such pre-arranged plans schedule trades in advance, helping separate routine portfolio management from discretionary market-timed selling decisions.

Zoom (ZM) CEO’s trust sells 85,196 shares under Rule 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Zoom Communications, Inc. Chief Executive Officer Eric S. Yuan, through a revocable trust for which he and his spouse serve as cotrustees, converted 85,196 shares of Class B Common Stock into the same number of Class A shares at a conversion price of $0.00 per share on April 13–14, 2026.

The trust then sold 85,196 Class A shares in open-market transactions over those two days at weighted average prices ranging from about $79.95 to $84.30, pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2025.

Following these transactions, the trust continued to hold 20,752,089 shares of Class B Common Stock and 36,796 shares of Class A Common Stock indirectly for Mr. Yuan, while he directly held restricted stock units covering 38,282 and 30,173 underlying Class A shares.

Insider Trade Summary 10b5-1

Net Seller: 85,196 shares ($6,934,723)

Net Sell 14 txns

Insider Yuan Eric S.

Role Chief Executive Officer

Sold 85,196 shs ($6.93M)

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock	15,273	$0.00	--
Conversion	Class A Common Stock	15,273	$0.00	--
Sale	Class A Common Stock	7,025	$81.7994	$575K
Sale	Class A Common Stock	7,543	$82.472	$622K
Sale	Class A Common Stock	550	$83.8057	$46K
Sale	Class A Common Stock	155	$84.3032	$13K
Conversion	Class B Common Stock	69,923	$0.00	--
Conversion	Class A Common Stock	69,923	$0.00	--
Sale	Class A Common Stock	25,650	$79.9468	$2.05M
Sale	Class A Common Stock	5,996	$80.7832	$484K
Sale	Class A Common Stock	26,243	$81.9183	$2.15M
Sale	Class A Common Stock	12,034	$82.6028	$994K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Class B Common Stock — 20,752,089 shares (Indirect, See footnote); Class A Common Stock — 52,069 shares (Indirect, See footnote); Restricted Stock Units — 38,282 shares (Direct)

Footnotes (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 $79.36 to $80.345. 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 $80.36 to $81.30. 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 $81.36 to $82.355. 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 $82.36 to $82.795. 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 $81.29 to $82.28. 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 $82.29 to $83.215. 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 $83.49 to $84.23. 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 $84.30 to $84.305. 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.

Key Figures

Class B converted: 85,196 shares Class A shares sold: 85,196 shares Sale price range: $79.95–$84.30 per share +5 more

8 metrics

Class B converted 85,196 shares Converted into Class A shares at $0.00 on April 13–14, 2026

Class A shares sold 85,196 shares Open-market sales on April 13–14, 2026

Sale price range $79.95–$84.30 per share Weighted average prices across multiple trade ranges

Class B held after 20,752,089 shares Indirectly held by revocable trust after transactions

Class A held after 36,796 shares Indirectly held by revocable trust after sales

RSUs grant 2022 38,282 underlying shares Restricted Stock Units vesting quarterly over four years

RSUs grant 2023 30,173 underlying shares Restricted Stock Units vesting quarterly over three years

Net shares sold 85,196 shares Net-sell direction in transaction summary

Key Terms

Rule 10b5-1 trading plan, Class B Common Stock, Class A Common Stock, Restricted Stock Units, +2 more

6 terms

Rule 10b5-1 trading plan financial

"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."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Class B Common Stock financial

"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."

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Class A Common Stock financial

"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."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Restricted Stock Units financial

"Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Revocable Trust financial

"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."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 Insider Transactions: What Each Field Means →

04/15/2026 - 04:36 PM

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^*

Yuan Eric S.

(Last)

(First)

(Middle)

C/O ZOOM COMMUNICATIONS, INC.

55 ALMADEN BOULEVARD, 6TH FLOOR

(Street)

SAN JOSE

CALIFORNIA

95113

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/13/2026		C		69,923	A	$0	106,719	I	See footnote⁽¹⁾
Class A Common Stock	04/13/2026		S⁽²⁾		25,650	D	$79.9468⁽³⁾	81,069	I	See footnote⁽¹⁾
Class A Common Stock	04/13/2026		S⁽²⁾		5,996	D	$80.7832⁽⁴⁾	75,073	I	See footnote⁽¹⁾
Class A Common Stock	04/13/2026		S⁽²⁾		26,243	D	$81.9183⁽⁵⁾	48,830	I	See footnote⁽¹⁾
Class A Common Stock	04/13/2026		S⁽²⁾		12,034	D	$82.6028⁽⁶⁾	36,796	I	See footnote⁽¹⁾
Class A Common Stock	04/14/2026		C		15,273	A	$0	52,069	I	See footnote⁽¹⁾
Class A Common Stock	04/14/2026		S⁽²⁾		7,025	D	$81.7994⁽⁷⁾	45,044	I	See footnote⁽¹⁾
Class A Common Stock	04/14/2026		S⁽²⁾		7,543	D	$82.472⁽⁸⁾	37,501	I	See footnote⁽¹⁾
Class A Common Stock	04/14/2026		S⁽²⁾		550	D	$83.8057⁽⁹⁾	36,951	I	See footnote⁽¹⁾
Class A Common Stock	04/14/2026		S⁽²⁾		155	D	$84.3032⁽¹⁰⁾	36,796	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹¹⁾	04/13/2026		C			69,923	⁽¹¹⁾	⁽¹¹⁾	Class A Common Stock	69,923	$0	20,767,362	I	See footnote⁽¹⁾
Class B Common Stock	⁽¹¹⁾	04/14/2026		C			15,273	⁽¹¹⁾	⁽¹¹⁾	Class A Common Stock	15,273	$0	20,752,089	I	See footnote⁽¹⁾
Restricted Stock Units	⁽¹²⁾							⁽¹³⁾	⁽¹³⁾	Class A Common Stock	38,282		38,282	D
Restricted Stock Units	⁽¹²⁾							⁽¹⁴⁾	⁽¹⁴⁾	Class A Common Stock	30,173		30,173	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 $79.36 to $80.345. 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 $80.36 to $81.30. 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 $81.36 to $82.355. 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 $82.36 to $82.795. 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 $81.29 to $82.28. 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 $82.29 to $83.215. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.49 to $84.23. 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.

10. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.30 to $84.305. 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.

11. 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.

12. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

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

14. 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	04/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Zoom (ZM) CEO Eric Yuan report in this Form 4?

Eric Yuan reported converting 85,196 Class B shares into Class A shares and selling 85,196 Class A shares in open-market trades. All activity occurred through a revocable trust where he and his spouse serve as cotrustees over two days in April 2026.

At what prices were the Zoom (ZM) shares sold in Eric Yuan’s latest Form 4?

The Form 4 shows Class A shares sold at weighted average prices between about $79.95 and $84.30 per share. Individual trades occurred within narrower price ranges, with the filing offering to provide exact breakdowns upon request to investors or regulators.

How many Zoom (ZM) shares does Eric Yuan still hold after these transactions?

After the reported trades, a revocable trust associated with Eric Yuan held 20,752,089 Class B shares and 36,796 Class A shares indirectly. He also directly held restricted stock units covering 38,282 and 30,173 underlying Class A shares, which may settle into stock over time.

What is the significance of the Class B to Class A conversion in Zoom (ZM)’s Form 4?

The Form 4 notes that each Class B share is convertible into one Class A share at the holder’s option. Here, 85,196 Class B shares were converted to Class A, enabling subsequent open-market sales while leaving a large remaining Class B position with the revocable trust.