Zoom (ZM) CEO files insider stock sales and 10b5-1 plan trades

Rhea-AI Filing Summary

Zoom Communications, Inc. Chief Executive Officer and director Eric S. Yuan reported multiple insider stock transactions on December 15–16, 2025. Indirectly through the 2018 Yuan and Zhang Revocable Trust, he converted 73,378 shares of Class B common stock into Class A common stock on each of the two days at an exercise price of $0.

The trust then sold Class A shares in several trades: on December 15, 2025 it disposed of 59,459 shares at a weighted average price of $86.8384, 9,783 shares at $87.5446 and 4,136 shares at $88.9033. On December 16, 2025 it sold 53,238 shares at $87.0767 and 20,140 shares at $87.843. The filing states these sales were made under a Rule 10b5-1 trading plan adopted on June 20, 2025.

The report also shows derivative holdings of Class B common stock convertible into Class A, and restricted stock units covering 114,844 and 90,518 Class A shares that vest in quarterly installments from awards granted in July 2022 and July 2023.

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)
12/15/2025

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	12/15/2025		C		73,378	A	$0	73,378	I	See footnote(1)
Class A Common Stock	12/15/2025		S(2)		59,459	D	$86.8384(3)	13,919	I	See footnote(1)
Class A Common Stock	12/15/2025		S(2)		9,783	D	$87.5446(4)	4,136	I	See footnote(1)
Class A Common Stock	12/15/2025		S(2)		4,136	D	$88.9033(5)	0	I	See footnote(1)
Class A Common Stock	12/16/2025		C		73,378	A	$0	73,378	I	See footnote(1)
Class A Common Stock	12/16/2025		S(2)		53,238	D	$87.0767(6)	20,140	I	See footnote(1)
Class A Common Stock	12/16/2025		S(2)		20,140	D	$87.843(7)	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	(8)	12/15/2025		C			73,378	(8)	(8)	Class A Common Stock	73,378	$0	20,959,078	I	See footnote(1)
Class B Common Stock	(8)	12/16/2025		C			73,378	(8)	(8)	Class A Common Stock	73,378	$0	20,885,700	I	See footnote(1)
Restricted Stock Units	(9)							(10)	(10)	Class A Common Stock	114,844		114,844	D
Restricted Stock Units	(9)							(11)	(11)	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 $86.295 to $87.29. 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 $87.295 to $88.19. 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 $88.30 to $89.165. 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 $86.49 to $87.485. 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 $87.49 to $88.015. 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. 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.

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

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

11. 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	12/17/2025
	** 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 Zoom (ZM) report for its CEO in this filing?

The CEO, Eric S. Yuan, reported indirect transactions through the 2018 Yuan and Zhang Revocable Trust on December 15–16, 2025, including conversions of Class B to Class A common stock and multiple open-market sales of Class A shares at weighted average prices between $86.8384 and $88.9033.

How many Zoom (ZM) shares did the CEO sell and at what prices?

On December 15, 2025, the trust sold 59,459 Class A shares at a weighted average of $86.8384, 9,783 shares at $87.5446, and 4,136 shares at $88.9033. On December 16, 2025 it sold 53,238 shares at $87.0767 and 20,140 shares at $87.843.

Were the Zoom (ZM) CEO stock sales part of a Rule 10b5-1 trading plan?

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

What conversions between Zoom (ZM) Class B and Class A shares were reported?

The report shows that on December 15, 2025 and December 16, 2025, the trust converted 73,378 shares of Class B common stock into 73,378 Class A common shares on each day at an exercise price of $0. Each Class B share is convertible into one Class A share.

What restricted stock units (RSUs) for Zoom (ZM) does the CEO hold according to this report?

The filing lists restricted stock units covering 114,844 Class A shares from an award granted on July 8, 2022, which vests 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.

How are the Zoom (ZM) CEOs shares held according to the Form 4?

The shares referenced in the transactions 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 persons spouse serve as cotrustees.