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

Zoom CEO Eric Yuan sells Class A shares near $96

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

Rhea-AI Filing Summary

Zoom Communications, Inc. (ZM) disclosed that Chief Executive Officer and director Eric S. Yuan, through the 2018 Yuan and Zhang Revocable Trust for which he and his spouse serve as cotrustees, converted Class B Common Stock into Class A Common Stock on September 1 and 2, 2026 and sold portions of the resulting Class A shares in indirect open-market transactions. The reported sales were executed at weighted average prices in the mid-$90 range per share and were carried out pursuant to a Rule 10b5-1 trading plan adopted by Eric Yuan on June 20, 2025.

Positive

  • None.

Negative

  • None.
Insider Yuan Eric S.
Role Chief Executive Officer
Sold 24,200 shs ($2.31M)
Approx. gross sale proceeds $2.31M
Type Security Shares Price Value
Conversion Class B Common Stock F7, F1 12,100 $0.00 $0.00
Conversion Class A Common Stock F1 12,100 $0.00 $0.00
Sale Class A Common Stock F2, F5, F1 10,329 $95.7011 $988K
Sale Class A Common Stock F2, F6, F1 1,771 $96.5306 $171K
Conversion Class B Common Stock F7, F1 12,100 $0.00 $0.00
Conversion Class A Common Stock F1 12,100 $0.00 $0.00
Sale Class A Common Stock F2, F3, F1 10,727 $95.2696 $1.02M
Sale Class A Common Stock F2, F4, F1 1,373 $95.8881 $132K
Holdings After Transaction: Class B Common Stock — 20,667,885 contracts (Indirect, See footnote); Class A Common Stock — 22,998 shares (Indirect, See footnote)
Footnotes (7)
  1. F1. 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. F2. 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. F3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.74 to $95.735. 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. F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.745 to $96.135. 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. F5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.18 to $96.175. 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. F6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.18 to $97.06. 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.
  7. F7. 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.
Class B to Class A conversion (Sept 1, 2026) 12,100 shares Indirect conversion of Class B Common Stock into Class A Common Stock on September 1, 2026
Class A shares sold (Sept 1, 2026, block 1) 10,727 shares at $95.2696 per share Indirect open-market sale at weighted average price on September 1, 2026
Class A shares sold (Sept 1, 2026, block 2) 1,373 shares at $95.8881 per share Indirect open-market sale at weighted average price on September 1, 2026
Class B to Class A conversion (Sept 2, 2026) 12,100 shares Indirect conversion of Class B Common Stock into Class A Common Stock on September 2, 2026
Class A shares sold (Sept 2, 2026, block 1) 10,329 shares at $95.7011 per share Indirect open-market sale at weighted average price on September 2, 2026
Class A shares sold (Sept 2, 2026, block 2) 1,771 shares at $96.5306 per share Indirect open-market sale at weighted average price on September 2, 2026
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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.
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at the option"
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
"convertible at the option of the Reporting Person into one share of Class A Common Stock"
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.
Revocable Trust financial
"the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person"
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.

FAQ

What did ZM’s CEO Eric S. Yuan report in this Form 4?
Eric S. Yuan reported indirect transactions where a family trust converted Class B Common Stock into Class A Common Stock on September 1 and 2, 2026, and then sold portions of the resulting Class A shares in open-market transactions at weighted average prices in the mid-$90s.

How were Eric Yuan’s Zoom (ZM) sales structured on September 1, 2026?
On September 1, 2026, the trust converted 12,100 shares of Class B into Class A and sold 10,727 shares at a weighted average price of $95.2696 and 1,373 shares at a weighted average price of $95.8881, all held indirectly through the 2018 Yuan and Zhang Revocable Trust.

What Zoom (ZM) share transactions did Eric Yuan report on September 2, 2026?
On September 2, 2026, the trust again converted 12,100 shares of Class B into Class A and sold 10,329 shares at a weighted average price of $95.7011 and 1,771 shares at a weighted average price of $96.5306, all reported as indirect holdings of the trust.

Were Eric Yuan’s Zoom (ZM) share sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Eric Yuan on June 20, 2025, and the filing’s Rule 10b5-1 checkbox is marked, indicating pre-arranged trading.

Does Eric Yuan hold the reported Zoom (ZM) shares directly or indirectly?
The filing reports the shares as held indirectly by the 2018 Yuan and Zhang Revocable Trust, of which Eric Yuan and his spouse, Hongyu Zhang, are cotrustees. All listed transactions reference this trust as the record holder.

What classes of Zoom (ZM) stock were involved in Eric Yuan’s transactions?
The transactions involved Class B Common Stock being converted, at the holder’s option, into an equal number of Class A Common Stock shares, followed by sales of the resulting Class A shares. A footnote notes Class B is convertible one-for-one into Class A.

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SEC Form 4
FORM 4UNITED 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 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/01/2026C12,100A$035,098ISee footnote(1)
Class A Common Stock09/01/2026S(2)10,727D$95.2696(3)24,371ISee footnote(1)
Class A Common Stock09/01/2026S(2)1,373D$95.8881(4)22,998ISee footnote(1)
Class A Common Stock09/02/2026C12,100A$035,098ISee footnote(1)
Class A Common Stock09/02/2026S(2)10,329D$95.7011(5)24,769ISee footnote(1)
Class A Common Stock09/02/2026S(2)1,771D$96.5306(6)22,998ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(7)09/01/2026C12,100 (7) (7)Class A Common Stock12,100$020,679,985ISee footnote(1)
Class B Common Stock(7)09/02/2026C12,100 (7) (7)Class A Common Stock12,100$020,667,885ISee footnote(1)
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 $94.74 to $95.735. 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 $95.745 to $96.135. 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 $95.18 to $96.175. 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 $96.18 to $97.06. 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.
7. 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.
Remarks:
/s/ Cheree McAlpine, Attorney-in-Fact09/03/2026
** Signature of Reporting PersonDate
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