Was the Zoom (ZM) share sale by Subotovsky pre-planned under Rule 10b5-1?

Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on January 13, 2026. Such plans pre-schedule trades, indicating the timing was set in advance rather than decided opportunistically.

Zoom (NASDAQ: ZM) director pre-plans 5,031-share stock sale

Q: How many Zoom (ZM) shares did director Santiago Subotovsky sell?

Director Santiago Subotovsky sold 5,031 shares of Zoom Class A common stock in multiple open-market transactions. These sales were reported in a Form 4 filing and executed at various prices in the mid-to-high $80s per share.

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

The reported sales occurred at weighted average prices ranging roughly from the low $86s to about $89.71 per share. Each line item reflects an average of multiple trades within specified price ranges disclosed in the footnotes.

Q: How many Zoom (ZM) shares does Subotovsky hold after the reported sales?

After the reported transactions, Subotovsky holds 152,192 Zoom shares directly and 1,277 shares indirectly through the Subotovsky Mann Family Trust. These holdings reflect his remaining position as of the Form 4’s reported transactions.

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

Some shares are held by the Subotovsky Mann Family Trust , where Subotovsky is a trustee. The Form 4 notes these trust-held shares and reports certain sales and remaining indirect ownership of 1,277 shares through the trust structure.

Q: How many sale transactions are reported in this Zoom (ZM) Form 4 filing?

The filing lists eight separate non-derivative sale transactions in Zoom Class A common stock on April 16, 2026. These include both direct holdings and shares held indirectly through the Subotovsky Mann Family Trust.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Zoom Communications, Inc. director Santiago Subotovsky reported open-market sales of 5,031 shares of Class A common stock on April 16, 2026. The trades were executed at weighted average prices generally in the mid‑$80s to high‑$80s per share under a pre-arranged Rule 10b5-1 trading plan adopted on January 13, 2026. Following these sales, he continues to hold 152,192 shares directly and 1,277 shares indirectly through the Subotovsky Mann Family Trust.

Insider Trade Summary 10b5-1

Net Seller: 5,031 shares ($439,286)

Net Sell 8 txns

Insider Subotovsky Santiago

Role null

Sold 5,031 shs ($439K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,250	$86.5451	$108K
Sale	Class A Common Stock	958	$87.8086	$84K
Sale	Class A Common Stock	363	$88.254	$32K
Sale	Class A Common Stock	72	$89.414	$6K
Sale	Class A Common Stock	1,111	$86.5851	$96K
Sale	Class A Common Stock	1,106	$87.8301	$97K
Sale	Class A Common Stock	111	$88.3759	$10K
Sale	Class A Common Stock	60	$89.4102	$5K

Holdings After Transaction: Class A Common Stock — 152,192 shares (Direct, null); Class A Common Stock — 1,277 shares (Indirect, see footnote)

Footnotes (1)

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 13, 2026 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.12 to $87.065. 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 $87.16 to $88.115. 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 $88.13 to $88.705. 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 $89.335 to $89.71. 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 $86.22 to $87.16. 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. Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.245 to $88.24. 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 $88.26 to $88.705. 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.

Key Figures

Shares sold: 5,031 shares Direct holdings after sale: 152,192 shares Indirect holdings after sale: 1,277 shares +5 more

8 metrics

Shares sold 5,031 shares Total Class A common stock sold on April 16, 2026

Direct holdings after sale 152,192 shares Direct Zoom Class A shares held after reported transactions

Indirect holdings after sale 1,277 shares Shares held via Subotovsky Mann Family Trust after transactions

Sample sale price $89.4140 per share One reported weighted average sale price on April 16, 2026

Lowest disclosed price range start $86.12 per share Lower bound of one weighted average price range in footnotes

Highest disclosed price range end $89.71 per share Upper bound of one weighted average price range in footnotes

Sell transactions count 8 transactions Non-derivative open-market sales reported in Form 4

Trading plan adoption date January 13, 2026 Adoption date of Rule 10b5-1 trading plan used for these sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, Subotovsky Mann Family Trust, open-market sale, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

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

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. These shares were sold..."

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.

Subotovsky Mann Family Trust financial

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

open-market sale financial

"transaction_action: open-market sale for Class A Common Stock transactions"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"direct_or_indirect: I and nature_of_ownership: see footnote for trust-held shares"

Form 4 Insider Transactions: What Each Field Means →

04/20/2026 - 07:39 PM

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).

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

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/16/2026		S⁽¹⁾		1,250	D	$86.5451⁽²⁾	152,192	D
Class A Common Stock	04/16/2026		S⁽¹⁾		958	D	$87.8086⁽³⁾	151,234	D
Class A Common Stock	04/16/2026		S⁽¹⁾		363	D	$88.254⁽⁴⁾	150,871	D
Class A Common Stock	04/16/2026		S⁽¹⁾		72	D	$89.414⁽⁵⁾	150,799	D
Class A Common Stock	04/16/2026		S⁽¹⁾		1,111	D	$86.5851⁽⁶⁾	1,277	I	see footnote⁽⁷⁾
Class A Common Stock	04/16/2026		S⁽¹⁾		1,106	D	$87.8301⁽⁸⁾	171	I	see footnote⁽⁷⁾
Class A Common Stock	04/16/2026		S⁽¹⁾		111	D	$88.3759⁽⁹⁾	60	I	see footnote⁽⁷⁾
Class A Common Stock	04/16/2026		S⁽¹⁾		60	D	$89.4102⁽⁵⁾	0	I	see footnote⁽⁷⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 January 13, 2026

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.12 to $87.065. 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 $87.16 to $88.115. 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 $88.13 to $88.705. 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 $89.335 to $89.71. 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 $86.22 to $87.16. 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. Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee.

8. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.245 to $88.24. 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.

9. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.26 to $88.705. 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.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	04/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

How many Zoom (ZM) shares did director Santiago Subotovsky sell?

Director Santiago Subotovsky sold 5,031 shares of Zoom Class A common stock in multiple open-market transactions. These sales were reported in a Form 4 filing and executed at various prices in the mid-to-high $80s per share.

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

The reported sales occurred at weighted average prices ranging roughly from the low $86s to about $89.71 per share. Each line item reflects an average of multiple trades within specified price ranges disclosed in the footnotes.

How many Zoom (ZM) shares does Subotovsky hold after the reported sales?

After the reported transactions, Subotovsky holds 152,192 Zoom shares directly and 1,277 shares indirectly through the Subotovsky Mann Family Trust. These holdings reflect his remaining position as of the Form 4’s reported transactions.

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

Some shares are held by the Subotovsky Mann Family Trust, where Subotovsky is a trustee. The Form 4 notes these trust-held shares and reports certain sales and remaining indirect ownership of 1,277 shares through the trust structure.

How many sale transactions are reported in this Zoom (ZM) Form 4 filing?

The filing lists eight separate non-derivative sale transactions in Zoom Class A common stock on April 16, 2026. These include both direct holdings and shares held indirectly through the Subotovsky Mann Family Trust.