Michelle Chang - 09 Oct 2025 Form 4 Insider Report for Zoom Communications, Inc. (ZM)

Role
Chief Financial Officer
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
09 Oct 2025
Net transactions value
-$5,576,673
Form type
4
Filing time
14 Oct 2025, 19:05:44 UTC
Previous filing
11 Oct 2024
Next filing
13 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Chang Michelle Chief Financial Officer C/O ZOOM COMMUNICATIONS, INC., 55 ALMADEN BLVD., 6TH FLOOR, SAN JOSE /s/ Aparna Bawa, Attorney-in-Fact 14 Oct 2025 0002040959

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Options Exercise $0 +88,869 +14911% $0.000000 89,465 09 Oct 2025 Direct F1
transaction ZM Class A Common Stock Tax liability $2,792,354 -34,970 -39% $79.85 54,495 09 Oct 2025 Direct F2
transaction ZM Class A Common Stock Sale $2,190,627 -26,779 -49% $81.80 27,716 10 Oct 2025 Direct F3, F4
transaction ZM Class A Common Stock Sale $593,691 -7,177 -26% $82.72 20,539 10 Oct 2025 Direct F3, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZM Restricted Stock Units Options Exercise $0 -88,869 -25% $0.000000 266,607 09 Oct 2025 Class A Common Stock 88,869 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Includes 596 shares of Class A Common Stock purchased pursuant to the Zoom Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2024 to June 12, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on December 13, 2024.
F2 Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
F3 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.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.23 to 82.22. 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.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.23 to 83.00. 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.
F6 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F7 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.