Zoom (NASDAQ: ZM) COO Aparna Bawa logs RSU vesting and tax sale of shares

Q: What insider activity did Zoom (ZM) report for COO Aparna Bawa?

The filing shows Chief Operating Officer Aparna Bawa had restricted stock units convert into Class A common stock on January 8, 2026 , and some of the resulting shares were withheld to cover taxes.

Q: How many Zoom Class A shares were acquired and held indirectly by the Bawa Family Trust?

The transactions resulted in 21,392 Class A common shares being acquired, reported as indirectly owned, with 14,115 Class A shares shown as beneficially owned indirectly after the tax withholding.

Q: Why were some of Aparna Bawas Zoom shares sold or withheld at $86.63?

The filing states that 9,255 Class A shares were withheld by Zoom at $86.63 per share to satisfy the tax withholding obligation tied to the vesting of restricted stock units.

Q: Who actually holds the Zoom shares reported as indirect holdings for Aparna Bawa?

The indirect Class A holdings are held of record by the Bawa Family Trust , for which Rafik Bawa and Aparna Bawa serve as trustees under a trust agreement dated November 12, 2013 .

Q: What do the RSU awards for Zoom COO Aparna Bawa look like going forward?

One RSU award granted on July 8, 2022 vests in equal quarterly installments over four years , and another granted on July 11, 2023 vests in equal quarterly installments over three years , each unit representing a contingent right to one Class A share.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Zoom Communications Chief Operating Officer Aparna Bawa reported routine equity transactions related to restricted stock units and tax withholding. On January 8, 2026, two blocks of restricted stock units covering 11,963 and 9,429 units were converted into an equal number of Class A common shares at an exercise price of $0 per share. Following these conversions, 21,392 Class A shares were credited as indirectly owned through the Bawa Family Trust, where Aparna Bawa and her spouse serve as trustees.

On the same date, 9,255 Class A shares were withheld by Zoom at a price of $86.63 per share to cover tax obligations arising from the RSU vesting. After these transactions, the trust’s indirect holdings reported in this filing totaled 14,115 Class A shares.

Insider Trade Summary

21,392 shares exercised/converted

Mixed 4 txns

Insider Bawa Aparna

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	11,963	$0.00	--
Exercise	Restricted Stock Units	9,429	$0.00	--
Exercise	Class A Common Stock	21,392	$0.00	--
Tax Withholding	Class A Common Stock	9,255	$86.63	$802K

Holdings After Transaction: Restricted Stock Units — 23,926 shares (Direct); Class A Common Stock — 23,370 shares (Indirect, See footnote)

Footnotes (1)

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. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.

Form 4 Insider Transactions: What Each Field Means →

01/12/2026 - 07:49 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

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)
01/08/2026

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)
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	01/08/2026		M		21,392	A	$0	23,370	I	See footnote⁽¹⁾
Class A Common Stock	01/08/2026		F⁽²⁾		9,255	D	$86.63	14,115	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)
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)
Restricted Stock Units	⁽³⁾	01/08/2026		M			11,963	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	11,963	$0	23,926	D
Restricted Stock Units	⁽³⁾	01/08/2026		M			9,429	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	9,429	$0	18,858	D

Explanation of Responses:

1. 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.

2. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.

3. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

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

5. 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	01/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

The filing shows Chief Operating Officer Aparna Bawa had restricted stock units convert into Class A common stock on January 8, 2026, and some of the resulting shares were withheld to cover taxes.

How many Zoom RSUs vested for Aparna Bawa on January 8, 2026?

Two RSU awards vested and were converted into common stock covering 11,963 shares from a July 8, 2022 grant and 9,429 shares from a July 11, 2023 grant.

How many Zoom Class A shares were acquired and held indirectly by the Bawa Family Trust?

The transactions resulted in 21,392 Class A common shares being acquired, reported as indirectly owned, with 14,115 Class A shares shown as beneficially owned indirectly after the tax withholding.

Why were some of Aparna Bawas Zoom shares sold or withheld at $86.63?

The filing states that 9,255 Class A shares were withheld by Zoom at $86.63 per share to satisfy the tax withholding obligation tied to the vesting of restricted stock units.

Who actually holds the Zoom shares reported as indirect holdings for Aparna Bawa?

The indirect Class A holdings are held of record by the Bawa Family Trust, for which Rafik Bawa and Aparna Bawa serve as trustees under a trust agreement dated November 12, 2013.

What do the RSU awards for Zoom COO Aparna Bawa look like going forward?

One RSU award granted on July 8, 2022 vests in equal quarterly installments over four years, and another granted on July 11, 2023 vests in equal quarterly installments over three years, each unit representing a contingent right to one Class A share.