Santiago Subotovsky - 25 Aug 2025 Form 4 Insider Report for Zoom Communications, Inc. (ZM)

Role
Director
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
25 Aug 2025
Transactions value $
-$197,142
Form type
4
Filing time
27 Aug 2025, 20:37:40 UTC
Previous filing
07 Jul 2025
Next filing
09 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Subotovsky Santiago Director C/O ZOOM COMMUNICATIONS, INC., 55 ALMADEN BLVD, #600, SAN JOSE /s/ Aparna Bawa, Attorney-in-Fact 27 Aug 2025 0001773806

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Conversion of derivative security $0 +807K $0.00 0 25 Aug 2025 See footnote F1, F2, F3
transaction ZM Class A Common Stock Sale -$116K -1.46K -0.91% $79.21 159K 26 Aug 2025 Direct F4, F5, F6
transaction ZM Class A Common Stock Sale -$65.2K -814 -0.51% $80.14 158K 26 Aug 2025 Direct F4, F6, F7
transaction ZM Class A Common Stock Sale -$16.2K -200 -0.13% $80.91 158K 26 Aug 2025 Direct F4, F6, F8

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 Class B Common Stock Conversion of derivative security $0 -807K -15.89% $0.00 4.27M 25 Aug 2025 Class A Common Stock 807K See footnote F1, F3, F9
* 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 On August 25, 2026, Emergence Capital Partners III, L.P. (Emergence) converted in the aggregate 807,265 shares of the Issuer's Class B Common Stock into 807,265 shares of the Issuer's Class A Common Stock. Subsequently, on the same date, Emergence distributed in-kind, without consideration, all 807,265 shares of the Issuer's Class A Common Stock pro-rata to its partners in accordance with the exemptions under Rule 16a-9(a) (Rule 16a-9(a)) and Rule 16a-13 (Rule 16a-13) of the Securities Exchange Act of 1934, as amended.
F2 Represents the pro-rata distribution in kind, without consideration, of all 807,265 shares of the Issuer's Class A Common Stock by Emergence to its partners in accordance with the exemptions of Rule 16a-9(a) and Rule 16a-13.
F3 Shares held directly by Emergence. The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). The Reporting Person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
F4 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 19, 2024
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.735 to $79.73. 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 Balance reflects the Reporting Person's receipt of 7,195 shares of the Issuer's Class A Common Stock by Emergence to its partners in accordance with the exemptions of Rule 16a-9(a) and Rule 16a-13 and the transfer of 4,361 shares of the Issuer's Class A Common Stock to EEP III for no consideration on July 8, 2025, which shares were previously held for the benefit of EEP III.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.735 to $80.705. 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.
F8 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.745 to $81.14. 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.
F9 Each share of Class B Common Stock is convertible at the option of Emergence into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by Emergence will automatically convert into one share of Class A Common Stock upon any transfer by Emergence 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 Eric S. 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.