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Zoom Communications, Inc. (ZM) director sells 7,911 shares under 10b5-1 plan

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Zoom Communications, Inc. director Santiago Subotovsky reported selling a total of 7,911 shares of Class A Common Stock on August 4, 2026 in multiple transactions, at weighted-average prices between $97.18 and $102.195 per share, coded as sales in open market or private transactions.

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on January 13, 2026. A related footnote also notes a transfer of 3,583 shares of Class A Common Stock to EEP III for no consideration on July 9, 2026.

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Insider Subotovsky Santiago
Role Director
Sold 7,911 shs ($802K)
Type Security Shares Price Value
Sale Class A Common Stock F1, F2, F3 40 $97.23 $4K
Sale Class A Common Stock F1, F4, F3 72 $98.7061 $7K
Sale Class A Common Stock F1, F5, F3 256 $99.7037 $26K
Sale Class A Common Stock F1, F6, F3 2,660 $100.8409 $268K
Sale Class A Common Stock F1, F7, F3 4,863 $101.7579 $495K
Sale Class A Common Stock F1, F8, F3 20 $102.195 $2K
Holdings After Transaction: Class A Common Stock — 127,060 shares (Direct)
Footnotes (8)
  1. F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 13, 2026
  2. F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.18 to $97.28. 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. F3. Balance reflects the transfer of 3,583 shares of the Issuer's Class A Common Stock to EEP III for no consideration on July 9, 2026.
  4. F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.31 to $99.135. 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 $99.395 to $100.15. 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 $100.335 to $101.175. 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 $101.18 to $102.175. 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 $102.195 to $102.195. 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.
Shares sold 7,911 shares Aggregate Class A Common Stock sold on August 4, 2026 by director Santiago Subotovsky
Lowest price range bound $97.18 per share Lowest price in the reported weighted-average sale ranges on August 4, 2026
Highest price range bound $102.195 per share Highest price in the reported weighted-average sale ranges on August 4, 2026
Rule 10b5-1 plan adoption date January 13, 2026 Date the reporting person adopted the Rule 10b5-1 trading plan covering these sales
Shares transferred 3,583 shares Class A Common Stock transferred to EEP III for no consideration on July 9, 2026
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were 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. 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.
Form 4 regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
for no consideration financial
"Balance reflects the transfer of 3,583 shares of the Issuer's Class A Common Stock to EEP III for no consideration"

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FAQ

What insider stock transaction did Santiago Subotovsky report at ZM on August 4, 2026?
Santiago Subotovsky reported selling 7,911 shares of Zoom Communications, Inc. (ZM) Class A Common Stock on August 4, 2026. The shares were sold in multiple transactions coded as sales in open market or private transactions at various weighted-average prices.

How many Zoom Communications (ZM) shares were sold and at what price range?
The filing shows sales totaling 7,911 shares of Zoom Communications Class A Common Stock. The reported weighted-average sale prices occurred within ranges from about $97.18 up to $102.195 per share, with each transaction bucket having its own detailed price range footnote.

Was the August 4, 2026 ZM share sale under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 13, 2026. The Form 4’s Rule 10b5-1 checkbox is also affirmed for these transactions.

What does the 3,583-share transfer mentioned in the ZM Form 4 represent?
A footnote explains that the balance reflects a transfer of 3,583 shares of Zoom Communications Class A Common Stock to EEP III for no consideration on July 9, 2026. This transfer is separate from the August 4, 2026 market sales.

What does 'weighted average price' mean in this Zoom Communications (ZM) Form 4?
For each sale bucket, the reported price is a weighted average price across multiple trades within a stated range. The filer undertakes to provide the issuer, any security holder, or SEC staff full detail of share counts at each individual execution price upon request.
SEC Form 4
FORM 4UNITED 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*
Subotovsky Santiago
(Last)(First)(Middle)
C/O ZOOM COMMUNICATIONS, INC.
55 ALMADEN BLVD, #600
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/04/2026S(1)40D$97.23(2)134,931(3)D
Class A Common Stock08/04/2026S(1)72D$98.7061(4)134,859(3)D
Class A Common Stock08/04/2026S(1)256D$99.7037(5)134,603(3)D
Class A Common Stock08/04/2026S(1)2,660D$100.8409(6)131,943(3)D
Class A Common Stock08/04/2026S(1)4,863D$101.7579(7)127,080(3)D
Class A Common Stock08/04/2026S(1)20D$102.195(8)127,060(3)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 January 13, 2026
2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.18 to $97.28. 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. Balance reflects the transfer of 3,583 shares of the Issuer's Class A Common Stock to EEP III for no consideration on July 9, 2026.
4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.31 to $99.135. 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 $99.395 to $100.15. 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 $100.335 to $101.175. 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 $101.18 to $102.175. 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 $102.195 to $102.195. 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/ Cheree McAlpine, Attorney-in-Fact08/06/2026
** Signature of Reporting PersonDate
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