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

Rhea-AI Filing Summary

Zoom Video Communications director and CEO Eric S. Yuan reported multiple stock transactions involving Class A and Class B shares of Zoom Communications, Inc. on November 17 and 18, 2025. On each day, 73,378 shares of Class B Common Stock were converted into Class A Common Stock at a conversion price of $0, with the shares held indirectly through the 2018 Yuan and Zhang Revocable Trust.

Following these conversions, several pre‑planned sales under a Rule 10b5‑1 trading plan were executed in multiple tranches, including sales such as 19,915 Class A shares at a weighted average price of $81.7655 and 61,874 Class A shares at a weighted average price of $81.1988. After the reported derivative transactions, 21,252,590 and then 21,179,212 derivative securities linked to Class B Common Stock remained beneficially owned indirectly. The filing also notes outstanding restricted stock units covering 114,844 and 90,518 Class A shares that vest in equal quarterly installments over multi‑year periods.

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

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/17/2025		C		73,378	A	$0	73,378	I	See footnote(1)
Class A Common Stock	11/17/2025		S(2)		19,915	D	$81.7655(3)	53,463	I	See footnote(1)
Class A Common Stock	11/17/2025		S(2)		19,086	D	$82.5413(4)	34,377	I	See footnote(1)
Class A Common Stock	11/17/2025		S(2)		33,810	D	$83.3801(5)	567	I	See footnote(1)
Class A Common Stock	11/17/2025		S(2)		567	D	$84.0558(6)	0	I	See footnote(1)
Class A Common Stock	11/18/2025		C		73,378	A	$0	73,378	I	See footnote(1)
Class A Common Stock	11/18/2025		S(2)		61,874	D	$81.1988(7)	11,504	I	See footnote(1)
Class A Common Stock	11/18/2025		S(2)		11,504	D	$81.6213(8)	0	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	(9)	11/17/2025		C			73,378	(9)	(9)	Class A Common Stock	73,378	$0	21,252,590	I	See footnote(1)
Class B Common Stock	(9)	11/18/2025		C			73,378	(9)	(9)	Class A Common Stock	73,378	$0	21,179,212	I	See footnote(1)
Restricted Stock Units	(10)							(11)	(11)	Class A Common Stock	114,844		114,844	D
Restricted Stock Units	(10)							(12)	(12)	Class A Common Stock	90,518		90,518	D

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 $80.99 to $81.985. 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 $81.99 to $82.98. 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 $82.99 to $83.98. 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 $83.99 to $84.16. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.525 to $81.52. 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 $81.525 to $81.825. 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. 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.

10. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

11. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.

12. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	11/19/2025
	** 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.

FAQ

What insider transactions did ZM CEO Eric Yuan report on November 17–18, 2025?

The reporting person disclosed conversions of 73,378 Class B Common Stock into Class A Common Stock on each of November 17 and 18, 2025, followed by multiple sales of Class A shares in several tranches on both days, all detailed in Table I and Table II.

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

The filing reports weighted average sale prices such as $81.7655, $82.5413, $83.3801, $84.0558, $81.1988, and $81.6213, with the underlying transactions executed over price ranges that are described in the explanatory footnotes.

Were the November 2025 ZM stock sales made under a Rule 10b5-1 trading plan?

Yes. The explanation section states that the sales reported were effected pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on June 20, 2025.

How are Zoom (ZM) Class B shares treated in this Form 4 filing?

Each share of Class B Common Stock is convertible at the holder's option into one share of Class A Common Stock and has no expiration date. The footnotes describe automatic conversion triggers, including certain transfers, the death or incapacity of Mr. Yuan, cessation of services, a majority Class B decision, or the 15‑year anniversary of the IPO closing.

What indirect ownership structure is disclosed for the ZM shares in this Form 4?

The filing explains that the shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the 2018 Yuan and Zhang Revocable Trust, for which the reporting person and the reporting person's spouse serve as cotrustees, and the positions are reported as indirect ownership.

What restricted stock units (RSUs) tied to ZM stock are mentioned?

The report lists restricted stock units covering 114,844 Class A shares from an award granted on July 8, 2022, vesting in equal quarterly installments over four years, and 90,518 Class A shares from an award granted on July 11, 2023, vesting in equal quarterly installments over three years.