Zoom CFO reports RSU vesting and open‑market sales under 10b5‑1

Q: What did ZM's CFO report on Form 4?

An RSU vest of 88,869 shares, tax withholding of 34,970 shares at $79.85 , and sales of 26,779 and 7,177 shares at weighted averages $81.8039 and $82.7214 .

Q: When did the transactions occur for ZM?

The RSU vest and withholding occurred on 10/09/2025 ; sales occurred on 10/10/2025 .

Q: How many shares does the ZM CFO own after the transactions?

Directly owned 20,539 shares after the reported transactions and held 266,607 RSUs.

Q: Was a trading plan used for the ZM CFO sales?

Yes. The sales were effected under a Rule 10b5-1 trading plan adopted on June 13, 2025 .

Q: What were the sale price ranges disclosed for ZM shares?

Weighted averages were $81.8039 (range $81.23–$82.22 ) and $82.7214 (range $82.23–$83.00 ).

Q: What is the vesting schedule for the reported ZM RSUs?

The award vests 1/4 on October 9, 2025 , with the remainder in equal quarterly installments thereafter, subject to continuous service.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Zoom Video Communications (ZM) CFO reported Form 4 transactions. On 10/09/2025, 88,869 shares of Class A common stock were acquired at $0 upon RSU vesting (Code M). To cover taxes, 34,970 shares were withheld at $79.85 (Code F). On 10/10/2025, open-market sales included 26,779 shares at a weighted average $81.8039 and 7,177 shares at $82.7214 (Code S), executed under a Rule 10b5-1 plan adopted on June 13, 2025. Following these transactions, the officer directly owned 20,539 shares and held 266,607 RSUs. The reported RSU award vests 1/4 on October 9, 2025, then in equal quarterly installments thereafter.

Insider Trade Summary

Net Seller: 33,956 shares ($2,784,318)

Net Sell 5 txns

Insider Chang Michelle

Role Chief Financial Officer

Sold 33,956 shs ($2.78M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	26,779	$81.8039	$2.19M
Sale	Class A Common Stock	7,177	$82.7214	$594K
Exercise	Restricted Stock Units	88,869	$0.00	--
Exercise	Class A Common Stock	88,869	$0.00	--
Tax Withholding	Class A Common Stock	34,970	$79.85	$2.79M

Holdings After Transaction: Class A Common Stock — 27,716 shares (Direct); Restricted Stock Units — 266,607 shares (Direct)

Footnotes (1)

Includes 596 shares of Class A Common Stock purchased pursuant to the Zoom Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2024 to June 12, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on December 13, 2024. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.23 to 82.22. 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 $82.23 to 83.00. 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. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock. The reporting person received an award of restricted stock units, 1/4 of which will vest on October 9, 2025 and the remaining units will vest in equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances in connection with a change in control of the Issuer.

Form 4 Insider Transactions: What Each Field Means →

10/14/2025 - 07:05 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).

1. Name and Address of Reporting Person^*

Chang Michelle

(Last)

(First)

(Middle)

C/O ZOOM COMMUNICATIONS, INC.

55 ALMADEN BLVD., 6TH FLOOR

(Street)

SAN JOSE

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025

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)
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	10/09/2025		M		88,869	A	$0	89,465⁽¹⁾	D
Class A Common Stock	10/09/2025		F⁽²⁾		34,970	D	$79.85	54,495	D
Class A Common Stock	10/10/2025		S⁽³⁾		26,779	D	$81.8039⁽⁴⁾	27,716	D
Class A Common Stock	10/10/2025		S⁽³⁾		7,177	D	$82.7214⁽⁵⁾	20,539	D

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)
Restricted Stock Units	⁽⁶⁾	10/09/2025		M			88,869	⁽⁷⁾	⁽⁷⁾	Class A Common Stock	88,869	$0	266,607	D

Explanation of Responses:

1. Includes 596 shares of Class A Common Stock purchased pursuant to the Zoom Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2024 to June 12, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on December 13, 2024.

2. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.

3. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.23 to 82.22. 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 $82.23 to 83.00. 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. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

7. The reporting person received an award of restricted stock units, 1/4 of which will vest on October 9, 2025 and the remaining units will vest in equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances in connection with a change in control of the Issuer.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	10/14/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did ZM's CFO report on Form 4?

An RSU vest of 88,869 shares, tax withholding of 34,970 shares at $79.85, and sales of 26,779 and 7,177 shares at weighted averages $81.8039 and $82.7214.

When did the transactions occur for ZM?

The RSU vest and withholding occurred on 10/09/2025; sales occurred on 10/10/2025.

How many shares does the ZM CFO own after the transactions?

Directly owned 20,539 shares after the reported transactions and held 266,607 RSUs.

Was a trading plan used for the ZM CFO sales?

Yes. The sales were effected under a Rule 10b5-1 trading plan adopted on June 13, 2025.

What were the sale price ranges disclosed for ZM shares?

Weighted averages were $81.8039 (range $81.23–$82.22) and $82.7214 (range $82.23–$83.00).

What is the vesting schedule for the reported ZM RSUs?

The award vests 1/4 on October 9, 2025, with the remainder in equal quarterly installments thereafter, subject to continuous service.