Zoom CEO-linked trust sells 24,200 Class A shares

The sales were made under a Rule 10b5-1 plan adopted by the CEO on June 20, 2025.

Available on EDGAR 11/05/2026 - 04:23 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:23 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Zoom Communications, Inc. (ZM) reports that the 2018 Yuan and Zhang Revocable Trust converted 12,100 Class B shares into 12,100 Class A shares on each of November 3 and November 4, 2026, and sold 24,200 Class A shares across those dates. The shares were held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the trust; CEO Eric S. Yuan and his spouse also serve as cotrustees.

On November 3, 9,650 shares were sold at a weighted average price of $91.8016 per share; on November 4, 6,175 shares were sold at a weighted average price of $92.1398 per share. The sales were made under a Rule 10b5-1 trading plan adopted by Eric S. Yuan on June 20, 2025.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 13 txns

Insider Yuan Eric S.

Role Chief Executive Officer

Sold 24,200 shs ($2.23M)

Approx. gross sale proceeds $2.23M

Share of Position Sold 34.5%

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock F12, F1	12,100	$0.00	$0.00
Conversion	Class A Common Stock F1	12,100	$0.00	$0.00
Sale	Class A Common Stock F2, F7, F1	6,175	$92.1398	$569K
Sale	Class A Common Stock F2, F8, F1	3,622	$93.0345	$337K
Sale	Class A Common Stock F2, F9, F1	1,195	$94.2004	$113K
Sale	Class A Common Stock F2, F10, F1	1,047	$95.2617	$100K
Sale	Class A Common Stock F2, F11, F1	61	$95.7105	$6K
Conversion	Class B Common Stock F12, F1	12,100	$0.00	$0.00
Conversion	Class A Common Stock F1	12,100	$0.00	$0.00
Sale	Class A Common Stock F2, F3, F1	1,405	$89.8456	$126K
Sale	Class A Common Stock F2, F4, F1	1,023	$90.9626	$93K
Sale	Class A Common Stock F2, F5, F1	9,650	$91.8016	$886K
Sale	Class A Common Stock F2, F6, F1	22	$92.36	$2K

Holdings After Transaction: Class B Common Stock — 20,619,485 contracts (Indirect, See footnote); Class A Common Stock — 45,997 shares (Indirect, See footnote)

Holdings Before and After: Class B Common Stock, 20,643,685 to 20,619,485 contracts (Indirect, See footnote); Class A Common Stock, 45,997 to 45,997 shares (Indirect, See footnote)

Other Insiders: 4 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (12)

1. F1. The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
2. F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 20, 2025.
3. F3. 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 $90.27. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.36 to $91.2875. 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. F5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.335 to $92.31. 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. F6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.36 to $92.36. 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. F7. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.66 to $92.655. 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.
8. F8. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.665 to $93.6525. 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. F9. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.665 to $94.595. 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.
10. F10. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.68 to $95.655. 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.
11. F11. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.7025 to $95.72. 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.
12. F12. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.

Key Figures

Class A shares sold: 24,200 shares Class B shares converted: 12,100 shares Class B shares converted: 12,100 shares +2 more

5 metrics

Class A shares sold 24,200 shares Across November 3 and November 4, 2026

Class B shares converted 12,100 shares November 3, 2026; converted into Class A shares

Class B shares converted 12,100 shares November 4, 2026; converted into Class A shares

Weighted average sale price $91.8016 per share 9,650 Class A shares sold November 3, 2026

Weighted average sale price $92.1398 per share 6,175 Class A shares sold November 4, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, Permitted Transfers

3 terms

Rule 10b5-1 trading plan regulatory

"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.

Permitted Transfers regulatory

"certain "Permitted Transfers" described in the Issuer's certificate of incorporation"

FAQ

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

How many ZM shares did the 2018 Yuan and Zhang Revocable Trust sell?

The trust sold 24,200 Class A shares on November 3 and 4, 2026. The sales were made under a Rule 10b5-1 trading plan adopted by Eric S. Yuan on June 20, 2025.

How many ZM Class B shares were converted into Class A shares?

The trust converted 12,100 Class B shares into 12,100 Class A shares on each of November 3 and November 4, 2026. Each Class B share is convertible at the holder's option into one Class A share and has no expiration date.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Yuan Eric S.

(Last) (First) (Middle)

C/O ZOOM COMMUNICATIONS, INC.

55 ALMADEN BOULEVARD, 6TH FLOOR

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/03/2026		C		12,100	A	$0	58,097	I	See footnote(1)
Class A Common Stock	11/03/2026		S(2)		1,405	D	$89.8456(3)	56,692	I	See footnote(1)
Class A Common Stock	11/03/2026		S(2)		1,023	D	$90.9626(4)	55,669	I	See footnote(1)
Class A Common Stock	11/03/2026		S(2)		9,650	D	$91.8016(5)	46,019	I	See footnote(1)
Class A Common Stock	11/03/2026		S(2)		22	D	$92.36(6)	45,997	I	See footnote(1)
Class A Common Stock	11/04/2026		C		12,100	A	$0	58,097	I	See footnote(1)
Class A Common Stock	11/04/2026		S(2)		6,175	D	$92.1398(7)	51,922	I	See footnote(1)
Class A Common Stock	11/04/2026		S(2)		3,622	D	$93.0345(8)	48,300	I	See footnote(1)
Class A Common Stock	11/04/2026		S(2)		1,195	D	$94.2004(9)	47,105	I	See footnote(1)
Class A Common Stock	11/04/2026		S(2)		1,047	D	$95.2617(10)	46,058	I	See footnote(1)
Class A Common Stock	11/04/2026		S(2)		61	D	$95.7105(11)	45,997	I	See footnote(1)

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
Class B Common Stock	(12)	11/03/2026		C			12,100	(12)	(12)	Class A Common Stock	12,100	$0	20,631,585	I	See footnote(1)
Class B Common Stock	(12)	11/04/2026		C			12,100	(12)	(12)	Class A Common Stock	12,100	$0	20,619,485	I	See footnote(1)

Explanation of Responses:

1. The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.

2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 20, 2025.

3. 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 $90.27. 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 $90.36 to $91.2875. 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 $91.335 to $92.31. 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 $92.36 to $92.36. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.66 to $92.655. 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.

8. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.665 to $93.6525. 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 $93.665 to $94.595. 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.

10. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.68 to $95.655. 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.

11. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.7025 to $95.72. 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.

12. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.

Remarks:

	/s/ Cheree McAlpine, Attorney-in-Fact	11/05/2026
	** 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)