Zoom director sells 2,475 shares in trading plan

Rhea-AI Filing Summary

Zoom Communications, Inc. director Santiago Subotovsky reported selling 2,475 shares of Class A Common Stock on October 6, 2025 in two transactions at weighted-average prices of $80.7381 and $81.1340, executed under a Rule 10b5-1 trading plan adopted on December 19, 2024. After these sales he holds 152,644 shares directly and 2,388 shares indirectly through the Subotovsky Mann Family Trust, where he is a trustee; a footnote notes the trust received 918 shares in a pro-rata distribution on July 9, 2025.

Insider Trade Summary

Net Seller: 2,475 shares

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 — 152,644 shares (Direct); Class A Common Stock — 2,388 shares (Indirect, see footnote)

Footnotes (5)

1. F1. 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. F2. 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. F3. 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. F4. 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. F5. Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee.

Key Figures

Shares sold (tranche 1): 2,217 shares Shares sold (tranche 2): 258 shares Total shares sold: 2,475 shares +5 more

8 metrics

Shares sold (tranche 1) 2,217 shares Class A Common Stock sale on 2025-10-06 at $80.7381 per share

Shares sold (tranche 2) 258 shares Class A Common Stock sale on 2025-10-06 at $81.1340 per share

Total shares sold 2,475 shares Aggregate Class A Common Stock sold in reported transactions

Direct holdings after transaction 152,644 shares Canonical post-transaction direct Class A Common Stock holding

Indirect trust holdings 2,388 shares Class A Common Stock held indirectly via Subotovsky Mann Family Trust

Pro-rata distribution to trust 918 shares Shares received by Subotovsky Mann Family Trust on July 9, 2025

10b5-1 plan adoption date December 19, 2024 Date Subotovsky adopted the Rule 10b5-1 trading plan

Transaction date 2025-10-06 Date of reported Class A Common Stock sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, pro-rata distribution, Rule 16a-9(a), +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sales reported ... 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.

pro-rata distribution financial

"receipt of 918 shares ... in a pro-rata distribution from Emergence Equity Partners III"

A pro-rata distribution is when cash, shares, rights or other assets are divided among investors in proportion to their ownership stake, so each holder gets the same percentage of the total as their share of the company. Think of slicing a pie so everyone receives pieces sized to match how much of the pie they own. For investors this matters because it preserves relative ownership and determines how much value or new securities they receive, and whether they need to buy or sell to maintain their position.

Rule 16a-9(a) regulatory

"in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13"

Rule 16a-13 regulatory

"in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Zoom (ZM) director Santiago Subotovsky report?

Director Santiago Subotovsky reported selling 2,475 shares of Zoom Class A Common Stock on October 6, 2025 in two transactions, with weighted-average prices of $80.7381 and $81.1340, under a pre-arranged Rule 10b5-1 trading plan.

At what prices were the Zoom (ZM) shares sold in this Form 4?

The reported sales used weighted-average prices of $80.7381 and $81.1340. Footnotes state the actual trades occurred in multiple transactions, with prices ranging from $80.05 to $81.045 and from $81.05 to $81.48, respectively.

Was Subotovsky’s Zoom (ZM) share sale made under a Rule 10b5-1 plan?

Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted by Santiago Subotovsky on December 19, 2024. Such plans allow pre-scheduled trades, providing structure for insider stock sales over time.

How many Zoom (ZM) shares does Subotovsky still own after these sales?

After the reported sales, Subotovsky holds 152,644 Zoom Class A shares directly. He also has an indirect position of 2,388 shares through the Subotovsky Mann Family Trust, reflecting his continued equity stake in the company.

What role does the Subotovsky Mann Family Trust play in Zoom (ZM) holdings?

An indirect holding of 2,388 Zoom shares is attributed to the Subotovsky Mann Family Trust, where Subotovsky is a trustee. A footnote notes the trust received 918 shares via pro-rata distribution on July 9, 2025, under Exchange Act Rules 16a-9(a) and 16a-13.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/08/2025 - 07:30 PM Learn about SEC filing dates

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.