Trust tied to Zoom (NASDAQ: ZM) COO sells 12,137 shares

Rhea-AI Filing Summary

Zoom Communications Chief Operating Officer Aparna Bawa reported two indirect sales of Class A common stock on January 16, 2026, executed under a pre-established Rule 10b5-1 trading plan adopted on June 4, 2025. A total of 9,037 shares were sold at a weighted average price of $81.2245, in multiple trades between $80.60 and $81.54, and an additional 3,100 shares were sold at a weighted average price of $81.7831, in trades between $81.61 and $82.16.

The shares are held of record by the Bawa Family Trust, for which Aparna Bawa and her spouse serve as trustees, so the transactions are reported as indirect ownership. Following the reported transactions, indirect beneficial holdings were listed as 5,078 shares and 1,978 shares in the respective entries.

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
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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^*

Bawa Aparna

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

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	01/16/2026		S(1)		9,037	D	$81.2245(2)	5,078	I	See footnote(3)
Class A Common Stock	01/16/2026		S(1)		3,100	D	$81.7831(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)
				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 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 $80.60 to $81.54. 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 $81.61 to $82.16. 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.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	01/21/2026
	** 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.

FAQ

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

Zoom reported that Chief Operating Officer Aparna Bawa, through indirect holdings, sold 9,037 shares and 3,100 shares of Class A common stock on January 16, 2026, as disclosed on a Form 4.

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

The first block of 9,037 shares was sold at a weighted average price of $81.2245, with trades between $80.60 and $81.54. The second block of 3,100 shares was sold at a weighted average price of $81.7831, with trades between $81.61 and $82.16.

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

Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 4, 2025, which is a pre-arranged plan for trading shares.

Who actually holds the Zoom (ZM) shares reported 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. Aparna Bawa and her spouse serve as trustees, so the ownership is reported as indirect.

How many Zoom (ZM) shares does the Form 4 show as indirectly owned after the transactions?

After the reported sales, the Form 4 lists 5,078 shares and 1,978 shares of Class A common stock as indirectly beneficially owned in the respective entries associated with the Bawa Family Trust.

What role does Aparna Bawa hold at Zoom (ZM) in this Form 4 filing?

Aparna Bawa is identified as an officer of Zoom Communications, Inc., serving as the company’s Chief Operating Officer, and is the reporting person for these insider transactions.