Zoom (ZM) director Subotovsky sells 2,475 shares in planned 10b5-1 trades

Rhea-AI Filing Summary

Zoom Communications, Inc. director Santiago Subotovsky reported open-market sales of 2,475 shares of Class A Common Stock. The sales occurred on March 4, 2026 in four transactions at prices between $75.5644 and $78.2168, as reflected by the weighted average prices disclosed.

The filing notes these sales were made under a Rule 10b5-1 trading plan adopted on December 19, 2024. Following the transactions, Subotovsky directly held 153,442 shares, and an additional 2,388 shares were held indirectly by the Subotovsky Mann Family Trust, of which he is a trustee.

Insights

Equity markets analyst

Director executes pre-planned sales totaling 2,475 shares under a Rule 10b5-1 plan.

The reporting person, a director of Zoom Communications, Inc., sold 2,475 Class A shares on March 4, 2026 through four open-market transactions, with weighted average prices ranging from about $75.56 to $78.22. The filing specifies these were carried out under a Rule 10b5-1 trading plan adopted on December 19, 2024.

After these sales, he continued to hold 153,442 shares directly and 2,388 shares indirectly via the Subotovsky Mann Family Trust, where he serves as trustee. The data indicate a net-sell direction for this filing, but the use of a pre-established trading plan suggests an orderly, pre-arranged disposition rather than a sudden change in position.

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)
03/04/2026

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	03/04/2026		S(1)		278	D	$75.5644(2)	155,639	D
Class A Common Stock	03/04/2026		S(1)		348	D	$76.4918(3)	155,291	D
Class A Common Stock	03/04/2026		S(1)		1,205	D	$77.694(4)	154,086	D
Class A Common Stock	03/04/2026		S(1)		644	D	$78.2168(5)	153,442	D
Class A Common Stock								2,388	I	see footnote(6)

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 $75.105 to $76.095. 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 $76.155 to $77.065. 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.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.140 to $78.090. 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 $78.105 to $78.365. 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. Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	03/06/2026
	** 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.

FAQ

What insider transaction did ZM director Santiago Subotovsky report?

Santiago Subotovsky reported selling 2,475 shares of Zoom Communications Class A Common Stock on March 4, 2026. The shares were sold in four open-market transactions at weighted average prices between about $75.56 and $78.22, according to the Form 4 filing.

At what prices did Santiago Subotovsky sell ZM Class A shares?

The Form 4 lists weighted average sale prices of $75.5644, $76.4918, $77.6940, and $78.2168. Footnotes explain each figure reflects multiple trades within price ranges around those levels, with detailed breakdowns available upon request from the company or regulators.

Was the ZM insider sale by Santiago Subotovsky under a Rule 10b5-1 plan?

Yes. A footnote states the reported sales were effected under a Rule 10b5-1 trading plan adopted by Santiago Subotovsky on December 19, 2024. This indicates the trades followed pre-established instructions rather than being made on an ad hoc basis.

How many ZM shares does Santiago Subotovsky hold after these transactions?

After the March 4, 2026 sales, the Form 4 shows 153,442 Zoom Class A shares held directly by Santiago Subotovsky. It also reports 2,388 additional shares held indirectly by the Subotovsky Mann Family Trust, for which he serves as a trustee.

What does the Form 4 say about indirect ZM share ownership for Santiago Subotovsky?

The filing reports 2,388 Class A shares held indirectly by the Subotovsky Mann Family Trust. A footnote clarifies this trust holds the shares and that Santiago Subotovsky is a trustee, indicating an indirect ownership interest associated with the trust structure.

How many total ZM shares did Santiago Subotovsky sell in this Form 4 filing?

Across four open-market sale transactions on March 4, 2026, the Form 4 shows aggregate sales of 2,475 Zoom Class A shares. Individual trades involved 278, 348, 1,205, and 644 shares, each at its own reported weighted average sale price.