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  4. [Form 4] Zoom Communications, Inc. Insider Trading Activity

Zoom (ZM) director sells 7,917 shares in planned insider trade

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

Rhea-AI Filing Summary

Zoom Communications director Santiago Subotovsky reported open-market sales of 7,917 shares of Class A Common Stock. The transactions occurred on May 1 and May 4, 2026, with weighted average prices generally around $100–$107 per share, across multiple trades at different prices.

The filing states these sales were effected under a Rule 10b5-1 trading plan adopted on January 13, 2026, indicating the trades were pre-scheduled. Following the reported transactions, Subotovsky directly holds 142,882 shares of Zoom Class A Common Stock.

Positive

  • None.

Negative

  • None.
Insider Subotovsky Santiago
Role null
Sold 7,917 shs ($834K)
Type Security Shares Price Value
Sale Class A Common Stock 392 $104.7828 $41K
Sale Class A Common Stock 334 $105.125 $35K
Sale Class A Common Stock 3,580 $106.7023 $382K
Sale Class A Common Stock 968 $107.3513 $104K
Sale Class A Common Stock 328 $100.7122 $33K
Sale Class A Common Stock 84 $101.8717 $9K
Sale Class A Common Stock 904 $102.6788 $93K
Sale Class A Common Stock 1,327 $103.5657 $137K
Holdings After Transaction: Class A Common Stock — 147,764 shares (Direct, null)
Footnotes (1)
  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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.18 to $101.07. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.345 to $102.17. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.21 to $103.16. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.22 to $103.975. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.125 to $105.075. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.125 to $106.09. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.145 to $107.105. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.135 to $107.835. 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 7,917 shares Total Class A Common Stock sold across 8 open-market transactions
Sale dates May 1 and May 4, 2026 Transaction dates for reported open-market sales
Example sale price $107.3513 per share Weighted average price for a 968-share sale of Class A stock
Example sale price $100.7122 per share Weighted average price for a 328-share sale of Class A stock
Post-transaction holding 142,882 shares Direct Class A shares reported following one sale grouping
Trading plan adoption date January 13, 2026 Date the Rule 10b5-1 trading plan governing these sales was adopted
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted..."
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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.
Form 4 Insider Transactions: What Each Field Means →
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)
05/01/2026		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 Stock05/01/2026S(1)328D$100.7122(2)150,471D
Class A Common Stock05/01/2026S(1)84D$101.8717(3)150,387D
Class A Common Stock05/01/2026S(1)904D$102.6788(4)149,483D
Class A Common Stock05/01/2026S(1)1,327D$103.5657(5)148,156D
Class A Common Stock05/04/2026S(1)392D$104.7828(6)147,764D
Class A Common Stock05/04/2026S(1)334D$105.125(7)147,430D
Class A Common Stock05/04/2026S(1)3,580D$106.7023(8)143,850D
Class A Common Stock05/04/2026S(1)968D$107.3513(9)142,882D
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 $100.18 to $101.07. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.345 to $102.17. 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 $102.21 to $103.16. 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 $103.22 to $103.975. 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 $104.125 to $105.075. 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 $105.125 to $106.09. 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 $106.145 to $107.105. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.135 to $107.835. 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/ Aparna Bawa, Attorney-in-Fact05/05/2026
** 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

FAQ

What insider transaction did Zoom (ZM) director Santiago Subotovsky report?

Director Santiago Subotovsky reported selling 7,917 shares of Zoom Class A Common Stock in open-market transactions. The trades took place over two days and are detailed in multiple line items with specific share amounts and weighted average prices for each group of sales.

On what dates did the Zoom (ZM) director sell shares and at what prices?

The reported sales occurred on May 1, 2026 and May 4, 2026. Individual trade groupings show weighted average prices ranging from about $100 to $107 per share, with each price reflecting multiple underlying transactions within disclosed price ranges.

How many Zoom (ZM) shares does Santiago Subotovsky hold after the reported sales?

After one of the reported sale groupings, Santiago Subotovsky directly holds 142,882 shares of Zoom Class A Common Stock. This remaining position, disclosed in the filing, provides context showing he continues to own a substantial number of shares following the transactions.

Were the Zoom (ZM) insider sales made under a Rule 10b5-1 trading plan?

Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on January 13, 2026. Such plans pre-schedule trades in advance, indicating these transactions followed a pre-arranged program rather than ad hoc market timing.

What does ‘weighted average price’ mean in this Zoom (ZM) Form 4 filing?

The filing notes each reported price is a weighted average price for multiple trades. Shares were sold in numerous individual transactions within specified price ranges, and the insider offers to provide exact share counts at each separate price upon request to investors or regulators.

Is this Zoom (ZM) Form 4 transaction a purchase or a sale by the director?

This Form 4 reflects open-market sales by the director, not purchases. All eight line items are coded “S” for sale, and the transaction summary shows net-sell activity of 7,917 shares, confirming the overall direction as a reduction in share holdings.