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  4. [Form 4] Zoom Communications, Inc. Insider Trading Activity

Zoom Communications (ZM) director sells shares under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Zoom Communications director Santiago Subotovsky reported planned sales of Class A Common Stock. On January 5, 2026, he sold 241, 553, and 1,681 shares in three separate transactions at weighted average prices of $84.5134, $85.5917, and $86.3637, respectively. The sales were made under a Rule 10b5-1 trading plan adopted on December 19, 2024.

After these sales, Subotovsky beneficially owned 145,219 Zoom Class A shares directly. He also had an indirect interest in 2,388 shares held by the Subotovsky Mann Family Trust, of which he is a trustee.

Positive

  • None.

Negative

  • None.
Insider Subotovsky Santiago
Role Director
Sold 2,475 shs ($213K)
Type Security Shares Price Value
Sale Class A Common Stock 241 $84.5134 $20K
Sale Class A Common Stock 553 $85.5917 $47K
Sale Class A Common Stock 1,681 $86.3637 $145K
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 147,453 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 $83.895 to $84.835. 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 $84.925 to $85.89. 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 $85.895 to $86.72. 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.
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)
01/05/2026
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 01/05/2026 S(1) 241 D $84.5134(2) 147,453 D
Class A Common Stock 01/05/2026 S(1) 553 D $85.5917(3) 146,900 D
Class A Common Stock 01/05/2026 S(1) 1,681 D $86.3637(4) 145,219 D
Class A Common Stock 2,388 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 $83.895 to $84.835. 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 $84.925 to $85.89. 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 $85.895 to $86.72. 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. Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee.
Remarks:
/s/ Aparna Bawa, Attorney-in-Fact 01/07/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

Who is the insider in Zoom Communications (ZM) involved in this Form 4 filing?

The insider is Santiago Subotovsky, who serves as a director of Zoom Communications, Inc. and is the reporting person on this Form 4.

What Zoom Communications (ZM) shares did Santiago Subotovsky sell?

He sold Class A Common Stock in three transactions on January 5, 2026, involving 241, 553, and 1,681 shares, respectively.

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

The weighted average sale prices were $84.5134, $85.5917, and $86.3637, with each line representing multiple trades within stated price ranges.

Were the Zoom Communications (ZM) stock sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 19, 2024.

How many Zoom (ZM) shares does Santiago Subotovsky own after these transactions?

Following the reported sales, he beneficially owned 145,219 Class A shares directly and had an indirect interest in 2,388 shares held by the Subotovsky Mann Family Trust.

What is the nature of the indirect Zoom (ZM) share ownership reported?

The Form 4 notes 2,388 shares are held by the Subotovsky Mann Family Trust, of which the reporting person is a trustee, and these are reported as indirectly owned.