Zoom CFO Michelle Chang sells 8,489 shares

The RSU award terms provide for one-quarter to vest on October 9, 2025, with remaining units vesting in equal quarterly installments subject to Michelle Chang's Continuous Service.

Rhea-AI Filing Summary

Zoom Communications, Inc. CFO Michelle Chang reported sales of 2,742 Class A shares at a weighted-average price of $98.6696 per share and 5,747 shares at $99.8414 per share on October 12, 2026, under a Rule 10b5-1 plan adopted June 13, 2025. On October 9, she converted 22,218 restricted stock units into 22,218 Class A shares; the reported RSU position following the transaction was 177,738. The issuer withheld 8,743 shares to satisfy tax withholding obligations related to RSU vesting.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Chang Michelle

Role Chief Financial Officer

Sold 8,489 shs ($844K)

Approx. gross sale proceeds $844K

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F2, F3	2,742	$98.6696	$271K
Sale	Class A Common Stock F2, F4	5,747	$99.8414	$574K
Exercise	Restricted Stock Units F5, F6	22,218	$0.00	$0.00
Exercise	Class A Common Stock	22,218	$0.00	$0.00
Tax Withholding	Class A Common Stock F1	8,743	$94.67	$828K

Holdings After Transaction: Restricted Stock Units — 177,738 contracts (Direct); Class A Common Stock — 40,438 shares (Direct)

Footnotes (6)

1. F1. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
2. F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025.
3. F3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.17 to $99.11. 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. F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.20 to 99.96. 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. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
6. F6. The reporting person received an award of restricted stock units, 1/4 of which will vest on October 9, 2025 and the remaining units will vest in equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances in connection with a change in control of the Issuer.

Key Figures

Class A shares sold: 2,742 shares Weighted-average sale price: $98.6696 per share Class A shares sold: 5,747 shares +5 more

8 metrics

Class A shares sold 2,742 shares Sale on October 12, 2026

Weighted-average sale price $98.6696 per share Sale of 2,742 shares on October 12, 2026

Class A shares sold 5,747 shares Sale on October 12, 2026

Weighted-average sale price $99.8414 per share Sale of 5,747 shares on October 12, 2026

Restricted stock units converted 22,218 RSUs Converted into 22,218 Class A shares on October 9, 2026

RSUs following transaction 177,738 RSUs Reported position following the October 9, 2026 transaction

Shares withheld for tax withholding 8,743 shares Withheld by the issuer on October 9, 2026 in connection with RSU vesting

Reported per-share amount for tax withholding $94.6700 per share 8,743 shares withheld on October 9, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, Continuous Service

3 terms

Rule 10b5-1 trading plan regulatory

"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"

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.

Continuous Service technical

"subject to the Reporting Person's Continuous Service"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Zoom (ZM) shares did CFO Michelle Chang sell, and at what prices?

Michelle Chang sold 2,742 shares at a weighted-average price of $98.6696 per share and 5,747 shares at $99.8414 per share on October 12, 2026. Both sales were made under a Rule 10b5-1 trading plan adopted June 13, 2025.

What vesting conditions applied to Michelle Chang's Zoom (ZM) RSU award?

The award terms state that one-quarter would vest on October 9, 2025, with the remaining units vesting in equal quarterly installments thereafter, subject to Michelle Chang's Continuous Service on each vesting date. Certain employment terminations in connection with a change in control could trigger accelerated vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/13/2026 - 07:14 PM EDT Accepted by SEC EDGAR 10/13/2026 - 07:14 PM EDT Learn about SEC filing dates

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^*

Chang Michelle

(Last) (First) (Middle)

C/O ZOOM COMMUNICATIONS, INC.

55 ALMADEN BLVD., 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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/09/2026		M		22,218	A	$0	57,670	D
Class A Common Stock	10/09/2026		F(1)		8,743	D	$94.67	48,927	D
Class A Common Stock	10/12/2026		S(2)		2,742	D	$98.6696(3)	46,185	D
Class A Common Stock	10/12/2026		S(2)		5,747	D	$99.8414(4)	40,438	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(5)	10/09/2026		M			22,218	(6)	(6)	Class A Common Stock	22,218	$0	177,738	D

Explanation of Responses:

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

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 13, 2025.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.17 to $99.11. 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 $99.20 to 99.96. 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. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

6. The reporting person received an award of restricted stock units, 1/4 of which will vest on October 9, 2025 and the remaining units will vest in equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date. The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person under certain circumstances in connection with a change in control of the Issuer.

Remarks:

	/s/ Cheree McAlpine, Attorney-in-Fact	07/13/2026
	** 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)