Zoom (NASDAQ: ZM) CEO trust sells 59,469 shares under 10b5-1 plan

Rhea-AI Filing Summary

Zoom Communications, Inc. Chief Executive Officer and director Eric S. Yuan reported insider transactions by the 2018 Yuan and Zhang Revocable Trust, for which he and his spouse serve as cotrustees. On January 13–14, 2026, the trust converted a total of 24,215 shares of Class B Common Stock into 24,215 shares of Class A Common Stock at an exercise price of $0 per share. Over the same two days, the trust sold 59,469 Class A shares in multiple trades at weighted average prices reported around the low to mid $80 range, under a Rule 10b5-1 trading plan adopted on June 20, 2025.

Following these transactions, the trust continued to hold over 20.8 million Class B shares indirectly reported by Mr. Yuan, which are convertible into Class A shares as described in the filing. Separately, Mr. Yuan directly held 76,563 and 60,346 restricted stock units, each representing a right to receive one Class A share, vesting in equal quarterly installments over four-year and three-year schedules, respectively.

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)
01/13/2026

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	01/13/2026		C		12,115	A	$0	47,369	I	See footnote(1)
Class A Common Stock	01/13/2026		S(2)		26,847	D	$83.0963(3)	20,522	I	See footnote(1)
Class A Common Stock	01/13/2026		S(2)		14,126	D	$83.8304(4)	6,396	I	See footnote(1)
Class A Common Stock	01/13/2026		S(2)		3,121	D	$85.1945(5)	3,275	I	See footnote(1)
Class A Common Stock	01/13/2026		S(2)		3,275	D	$85.92(6)	0	I	See footnote(1)
Class A Common Stock	01/14/2026		C		12,100	A	$0	12,100	I	See footnote(1)
Class A Common Stock	01/14/2026		S(2)		8,731	D	$83.2755(7)	3,369	I	See footnote(1)
Class A Common Stock	01/14/2026		S(2)		3,369	D	$83.9285(8)	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	(9)	01/13/2026		C			12,115	(9)	(9)	Class A Common Stock	12,115	$0	20,873,585	I	See footnote(1)
Class B Common Stock	(9)	01/14/2026		C			12,100	(9)	(9)	Class A Common Stock	12,100	$0	20,861,485	I	See footnote(1)
Restricted Stock Units	(10)							(11)	(11)	Class A Common Stock	76,563		76,563	D
Restricted Stock Units	(10)							(12)	(12)	Class A Common Stock	60,346		60,346	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 $82.565 to $83.56. 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 $83.565 to $84.465. 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 $84.66 to $85.545. 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 $85.66 to $86.245. 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 $82.76 to $83.755. 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 $83.76 to $84.445. 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.

9. 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.

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

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

12. 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	01/15/2026
	** 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 transactions did Zoom (ZM) report for Eric S. Yuan?

The filing shows that a revocable trust associated with Eric S. Yuan converted 24,215 Class B shares into 24,215 Class A shares and then sold 59,469 Class A shares in market transactions on January 13–14, 2026.

Who actually holds the Zoom shares involved in Eric Yuans Form 4?

The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the 2018 Yuan and Zhang Revocable Trust, for which Eric S. Yuan and his spouse serve as cotrustees.

Were Eric Yuans Zoom share 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 20, 2025.

At what prices were the Zoom Class A shares sold in this Form 4?

The reported weighted average prices for the Class A share sales were in the low to mid $80 range, with underlying transaction prices in ranges such as $82.565 to $83.56 and $85.66 to $86.245, as detailed in the footnotes.

How many Zoom Class B shares does the trust associated with Eric Yuan still hold?

After the reported conversions, the Form 4 shows 20,873,585 and then 20,861,485 Class B shares indirectly beneficially owned, each Class B share being convertible into one Class A share under the conditions described.

What restricted stock units (RSUs) does Eric Yuan hold according to this Form 4?

The filing reports 76,563 RSUs from an award on July 8, 2022 that vests in equal quarterly installments over four years, and 60,346 RSUs from an award on July 11, 2023 that vests in equal quarterly installments over three years, each RSU representing one Class A share.

How do Zooms Class B shares held by Eric Yuan convert into Class A shares?

Each Class B share is convertible at Mr. Yuans option into one Class A share and has no expiration date. All outstanding Class B shares will convert into Class A upon certain events described in the filing, including specified timing after Mr. Yuans death, incapacity, or cessation of services, or on the 15-year anniversary of the IPO closing, among other triggers.