ZM Form 4: CEO Yuan receives 68,454 RSU shares, sells 34,762 at $79.49

Rhea-AI Filing Summary

Eric S. Yuan, Zoom Communications CEO and director, reported transactions on 10/08/2025 showing both acquisitions and a sale of Class A common stock. He received 68,454 shares via a 0-price issuance (transaction code M) and had 34,762 shares withheld

to satisfy tax obligations related to vested restricted stock units, resulting in a net disposal of 34,762 shares sold at $79.49. After the reported transactions, the filing shows 68,454 Class A shares beneficially owned directly or indirectly and 21,619,485 Class A-equivalent shares held indirectly via Class B stock convertible into Class A shares.

Positive

• Received 68,454 RSU-related shares at no cash cost indicating continued compensation alignment
• Maintains large Class B position of 21,619,485 shares convertible to Class A, preserving control

Negative

• Sold 34,762 Class A shares at $79.49, reducing publicly reported Class A holdings
• Issuer withheld 34,762 shares to satisfy tax withholding on vesting RSUs, indicating taxable vesting events

Insights

Corporate Governance Analyst

Insider sold shares to cover RSU taxes while retaining controlling Class B stake.

The filing records a sale of 34,762 Class A shares at $79.49 on 10/08/2025, and the vesting/issuance of restricted stock units totaling 68,454 shares (recorded as acquisitions at $0). The sale is explicitly tied to shares withheld to satisfy tax withholding on vested RSUs.

Mr. Yuan continues to hold substantial voting power through 21,619,485 Class B shares that are convertible into Class A shares, preserving near-term control. Monitor forthcoming periodic filings for additional vesting events or systematic sales tied to tax withholding.

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

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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 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)
10/08/2025

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	10/08/2025		M		68,454	A	$0	68,454	I	See footnote(1)
Class A Common Stock	10/08/2025		F(2)		34,762	D	$79.49	33,692	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)	10/08/2025		M			38,281	(4)	(4)	Class A Common Stock	38,281	$0	114,844	D
Restricted Stock Units	(3)	10/08/2025		M			30,173	(5)	(5)	Class A Common Stock	30,173	$0	90,518	D
Class B Common Stock	(6)							(6)	(6)	Class A Common Stock	21,619,485		21,619,485	I	See 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. 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.

6. 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/ Aparna Bawa, Attorney-in-Fact	10/10/2025
	** 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).
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FAQ

What did Eric Yuan report on the Form 4 for Zoom (ZM)?

The Form 4 shows acquisitions of 68,454 Class A shares from vested RSUs and a reported disposal/sale of 34,762 Class A shares at $79.49 on 10/08/2025.

Why were shares withheld in the filing for ZM?

Shares were withheld by the issuer to satisfy the tax withholding obligation arising from the vesting of restricted stock units.

How many Class B shares does Eric Yuan hold and what does that mean?

He holds 21,619,485 Class B shares which are convertible into Class A shares and therefore represent significant indirect beneficial ownership and voting control.

Did the Form 4 report any option exercises or derivative transactions?

Yes. The filing reports vesting-related restricted stock unit amounts (totaling reported underlying Class A shares) but no exercised options with an exercise price other than $0 for RSUs.

When did the transactions occur on the Form 4?

The earliest reported transaction date is 10/08/2025 and the form was signed on 10/10/2025.