ZM insider sale: 2,475 Class A shares disposed on 10/06/2025

Rhea-AI Filing Summary

Director sale under 10b5-1 plan: The reporting person, Santiago Subotovsky, filed a Form 4 disclosing planned sales of Class A common stock of Zoom Communications, Inc. (ZM) on 10/06/2025. The filing shows 2,217 shares sold at a weighted average price of $80.7381 and 258 shares sold at a weighted average price of $81.134, reflecting multiple transactions within stated price ranges.

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on 12/19/2024. After these transactions, the reporting person (directly and indirectly) holds approximately 152,644–152,902 shares of Class A stock, plus an indirect balance of 2,388 shares via the Subotovsky Mann Family Trust which received 918 shares in a pro-rata distribution on 07/09/2025.

Positive

• Sales executed under a Rule 10b5-1 plan adopted 12/19/2024
• Reporting includes weighted‑average price ranges and offer to provide per‑trade details upon request

Negative

• Director disposed of 2,475 shares on 10/06/2025
• Direct beneficial holding declined to ~152,644–152,902 shares following sales

Insider Trade Summary

Net Seller: 2,475 shares ($199,929)

Net Sell 3 txns

Insider Subotovsky Santiago

Role Director

Sold 2,475 shs ($200K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	2,217	$80.7381	$179K
Sale	Class A Common Stock	258	$81.134	$21K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 152,902 shares (Direct); Class A Common Stock — 2,388 shares (Indirect, see footnote)

Footnotes (1)

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 19, 2024 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.05 to $81.045. 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 $81.05 to $81.48. 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. Balance reflects the Subotovsky Mann Family Trust's receipt of 918 shares of the Issuer's Class A Common Stock in a pro-rata distribution from Emergence Equity Partners III, L.P. in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended, on July 9, 2025. Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee.

Form 4 Insider Transactions: What Each Field Means →

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^*

Subotovsky Santiago

(Last) (First) (Middle)

C/O ZOOM COMMUNICATIONS, INC.

55 ALMADEN BLVD, #600

(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)
10/06/2025

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	10/06/2025		S(1)		2,217	D	$80.7381(2)	152,902	D
Class A Common Stock	10/06/2025		S(1)		258	D	$81.134(3)	152,644	D
Class A Common Stock								2,388(4)	I	see footnote(5)

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 on December 19, 2024

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.05 to $81.045. 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.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.05 to $81.48. 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. Balance reflects the Subotovsky Mann Family Trust's receipt of 918 shares of the Issuer's Class A Common Stock in a pro-rata distribution from Emergence Equity Partners III, L.P. in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended, on July 9, 2025.

5. Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	10/08/2025
	** 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 did Zoom (ZM) director Santiago Subotovsky report on Form 4?

The director reported sales of 2,217 and 258 Class A shares on 10/06/2025, executed under a Rule 10b5-1 trading plan.

Were the sales part of a preplanned trading program for ZM?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on 12/19/2024.

At what prices were the ZM shares sold?

Sales were at weighted average prices of $80.7381 (range $80.05–$81.045) and $81.134 (range $81.05–$81.48).

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

Following the reported transactions, the reporting person beneficially owned approximately 152,644–152,902 Class A shares, plus 2,388 shares indirectly via a family trust.

What is the nature of the indirect holdings disclosed?

The Subotovsky Mann Family Trust holds shares; the reporting person is a trustee and the trust received 918 shares by pro‑rata distribution on 07/09/2025.