Zoom Communications (ZM) COO sells 12,886 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Zoom Communications, Inc. Chief Operating Officer Aparna Bawa reported open-market sales of a total of 12,886 shares of Class A Common Stock indirectly held through the Bawa Family Trust. The transactions on April 17, 2026 were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 4, 2025, with weighted average prices around the high-$80 range. The filing notes the shares are held of record by Rafik Bawa and Aparna Bawa as trustees of the Bawa Family Trust, and the reporting person and spouse continue to serve as trustees after these sales.

Insider Trade Summary 10b5-1

Net Seller: 12,886 shares ($1,129,110)

Net Sell 2 txns

Insider Bawa Aparna

Role Chief Operating Officer

Sold 12,886 shs ($1.13M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11,981	$87.5696	$1.05M
Sale	Class A Common Stock	905	$88.3297	$80K

Holdings After Transaction: Class A Common Stock — 2,883 shares (Indirect, See footnote)

Footnotes (1)

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 4, 2025. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.19 to $88.17. 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 shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.22 to $88.69. 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.

Key Figures

Shares sold (first trade): 905 shares Price per share (first trade): $88.3297 Shares sold (second trade): 11,981 shares +5 more

8 metrics

Shares sold (first trade) 905 shares Class A Common Stock sold on April 17, 2026

Price per share (first trade) $88.3297 Weighted average sale price on April 17, 2026

Shares sold (second trade) 11,981 shares Class A Common Stock sold on April 17, 2026

Price per share (second trade) $87.5696 Weighted average sale price on April 17, 2026

Total shares sold 12,886 shares Aggregate open-market sales reported in this Form 4

Lower price range $87.19 Lowest individual trade price cited in footnotes

Upper price range $88.69 Highest individual trade price cited in footnotes

10b5-1 plan adoption date June 4, 2025 Date the pre-arranged trading plan was adopted

Key Terms

Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, Bawa Family Trust, +1 more

5 terms

Rule 10b5-1 trading plan financial

"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"

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. These shares were sold in multiple transactions"

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.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Bawa Family Trust financial

"The shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust"

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: See footnote"

Form 4 Insider Transactions: What Each Field Means →

04/21/2026 - 04:54 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).

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^*

Bawa Aparna

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

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)
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	04/17/2026		S⁽¹⁾		11,981	D	$87.5696⁽²⁾	2,883	I	See footnote⁽³⁾
Class A Common Stock	04/17/2026		S⁽¹⁾		905	D	$88.3297⁽⁴⁾	1,978	I	See footnote⁽³⁾

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)

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 June 4, 2025.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.19 to $88.17. 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 shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.22 to $88.69. 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.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	04/21/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Zoom (ZM) report for COO Aparna Bawa?

Zoom reported that a trust associated with COO Aparna Bawa sold 12,886 shares of Class A Common Stock in open-market transactions. These sales were disclosed on a Form 4 and reflect indirect holdings managed through the Bawa Family Trust.

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

The reported sales used weighted average prices per share of $88.3297 and $87.5696. Footnotes state the actual trades occurred in multiple transactions within price ranges from $87.19 to $88.69, all executed in the open market on April 17, 2026.

How many Zoom (ZM) shares were sold in each transaction by the Bawa trust?

The Bawa-related trust sold 905 shares at a weighted average price of $88.3297 and 11,981 shares at a weighted average price of $87.5696. Together, these open-market sales total 12,886 shares of Zoom Class A Common Stock reported on the Form 4.

Were the Zoom (ZM) insider sales by Aparna Bawa pre-planned?

Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on June 4, 2025. Such plans pre-schedule trades, indicating these transactions were arranged in advance rather than timed discretionarily around short-term market movements.

Who actually holds the Zoom (ZM) shares sold in this Form 4?

The shares are held of record by Rafik Bawa and Aparna Bawa as trustees of the Bawa Family Trust under an agreement dated November 12, 2013. The Form 4 notes the reporting person and spouse serve as trustees and the ownership is reported as indirect.

Did Zoom (ZM) COO Aparna Bawa retain any indirect holdings after these sales?

The Form 4 shows that, after the reported open-market sales, there remain indirect Class A Common Stock holdings associated with the reporting person. The shares continue to be held through the Bawa Family Trust with the reporting person and spouse serving as trustees.