ZM Form 4: Officer vests 21,392 shares; 10,864 withheld for taxes

Rhea-AI Filing Summary

Insider transactions at Zoom Communications, Inc. (ZM): an officer and director reported equity activity tied to vesting of restricted stock units and a market sale to cover taxes. On 10/08/2025, the reporting person was recorded acquiring 21,392 Class A shares via issuance (transaction code M) at no cash price and disposing of 10,864 Class A shares (transaction code F) at $79.49 per share, with 12,506 Class A shares remaining indirectly owned in the family trust after the sale. The filing also shows newly vested restricted stock units: 11,963 RSUs from a 2022 grant and 9,429 RSUs from a 2023 grant, which convert 1:1 into Class A shares. Shares were withheld to satisfy tax withholding on vesting. The transactions were reported by Aparna Bawa (Chief Operating Officer) who holds indirect ownership through the Bawa Family Trust.

Insights

Corporate Insider/Compensation Analyst

Officer vested RSUs and sold shares to cover taxes; net share increase reported.

The report documents regular vesting mechanics: two RSU awards awarded in 2022 and 2023

vested on 10/08/2025, producing 21,392 underlying shares. A portion, 10,864, was sold at $79.49 to satisfy tax withholding, leaving an increase in beneficial ownership. This pattern aligns with standard equity compensation settlement where issuers withhold shares for taxes.

Key near-term items to watch include future scheduled vesting tranches (quarterly per the grants) and any additional withholding or open-market sales that would change indirect ownership in the Bawa Family Trust within the next year.

Market Impact/Shareholder Affairs Analyst

Transactions are routine and unlikely to materially affect market supply.

The reported sale of 10,864 shares was to satisfy tax obligations, not an opportunistic large-block disposition. The net issuance of 21,392 shares increases insider-held shares but the amounts are small relative to public float.

Monitor for recurring vesting events and any future open-market sales by executives that could be larger or timed around corporate news; such moves would have a clearer short-term market impact.

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

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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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025

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	10/08/2025		M		21,392	A	$0	23,370	I	See footnote(1)
Class A Common Stock	10/08/2025		F(2)		10,864	D	$79.49	12,506	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
Restricted Stock Units	(3)	10/08/2025		M			11,963	(4)	(4)	Class A Common Stock	11,963	$0	35,889	D
Restricted Stock Units	(3)	10/08/2025		M			9,429	(5)	(5)	Class A Common Stock	9,429	$0	28,287	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	10/10/2025
	** Signature of Reporting Person	Date
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