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

Rhea-AI Filing Summary

Herbert Raymond McMaster, a director of Zoom Communications, Inc. (ZM), reported the sale of 3,000 shares of Class A common stock under a pre-established Rule 10b5-1 trading plan. The filing shows two dispositions: 1,000 shares sold on 08/22/2025 at $80 per share and 2,000 shares sold on 08/25/2025 at $83 per share. After these transactions the reporting person’s beneficial ownership in Class A common stock decreased to 7,901 shares. The Form 4 was submitted by an attorney-in-fact on 08/26/2025 and explicitly states the sales were effected pursuant to the Rule 10b5-1 plan.

Positive

• Sales were executed under a Rule 10b5-1 trading plan, which provides pre-established parameters and an affirmative defense to insider trading claims
• Form 4 discloses director status and shows timely reporting via attorney-in-fact signature

Negative

• Beneficial ownership decreased by 3,000 Class A shares to 7,901, representing a reduction in the director’s stake
• Sales were at market prices ($80 and $83) with no accompanying explanation of plan triggers or volume thresholds in the filing

Insights

Securities Analyst

TL;DR: Insider sales of 3,000 ZM shares were pre-arranged under a 10b5-1 plan and reduced the director’s direct stake to 7,901 shares.

The sales are documented and time-stamped, showing execution on two dates and at two prices, which is consistent with planned programmatic disposals rather than opportunistic trades. The transactions are modest in size relative to public floats of large-cap issuers and do not, on their face, indicate a material change in insider conviction. For investors monitoring insider activity, these sales are notable as confirmable dispositions but lack accompanying context about timing or volume thresholds in the plan.

Corporate Governance Expert

TL;DR: Use of a Rule 10b5-1 plan reduces regulatory risk around the timing of these director sales but still merits disclosure review.

The Form 4 correctly discloses the director relationship and the 10b5-1 plan reliance, which helps establish the affirmative defense to insider trading claims. The reduction to 7,901 shares is a clear change in beneficial ownership and should be tracked for any subsequent filings. From a governance perspective, the filing is timely and contains the necessary explanation; there is no indication of procedural irregularity in the document itself.

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^*

McMaster Herbert Raymond

(Last) (First) (Middle)

C/O ZOOM COMMUNICATIONS, INC.

55 ALMADEN BOULEVARD, SIXTH 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		S(1)		1,000	D	$80	9,901	D
Class A Common Stock	08/25/2025		S(1)		2,000	D	$83	7,901	D

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

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	08/26/2025
	** 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

What transactions did ZM director Herbert McMaster report on Form 4?

He reported two sales totaling 3,000 Class A shares: 1,000 shares sold on 08/22/2025 at $80 and 2,000 shares sold on 08/25/2025 at $83.

How many ZM shares does the reporting person own after these transactions?

7,901 shares of Class A common stock are reported as beneficially owned following the sales.

Were the sales by the reporting person pre-arranged?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan.

Who filed the Form 4 and when was it signed?

The filing was submitted by attorney-in-fact Aparna Bawa and is dated 08/26/2025 on the form.

What is the reporting person’s relationship to Zoom Communications (ZM)?

He is identified as a director of Zoom Communications, Inc.