Form 4: Zoom CEO Eric Yuan Sells Shares Under 10b5-1 Plan

Zoom CEO Eric Yuan executed pre-planned sales of Class A Common Stock on November 17 and 18, 2025, totaling 146,756 shares, following conversion from Class B shares.

Summary

• Eric S. Yuan, Chief Executive Officer and Director of Zoom Communications, Inc. (ZM), reported transactions on November 17 and 18, 2025.
• The reported sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Yuan on June 20, 2025.
• On November 17, 2025, 73,378 shares of Class B Common Stock were converted into 73,378 shares of Class A Common Stock.
• Immediately following the conversion on November 17, 2025, a total of 73,378 Class A Common Stock shares were sold in multiple transactions at weighted average prices ranging from $81.7655 to $84.0558.
• On November 18, 2025, an additional 73,378 shares of Class B Common Stock were converted into 73,378 shares of Class A Common Stock.
• Immediately following the conversion on November 18, 2025, a total of 73,378 Class A Common Stock shares were sold in multiple transactions at weighted average prices ranging from $81.1988 to $81.6213.
• Following these transactions, Mr. Yuan's indirect beneficial ownership of Class B Common Stock is 21,179,212 shares.
• Mr. Yuan also directly holds 114,844 Restricted Stock Units awarded on July 8, 2022, vesting in equal quarterly installments over four years.
• Additionally, Mr. Yuan directly holds 90,518 Restricted Stock Units awarded on July 11, 2023, vesting in equal quarterly installments over three years.
• All indirect beneficial ownership is held by Zheng Yuan and Hongyu Zhang, cotrustees of the 2018 Yuan and Zhang Revocable Trust, for which Mr. Yuan and his spouse serve as cotrustees.

Sentiment

Score: 5

Explanation: The filing reports pre-scheduled insider stock sales under a Rule 10b5-1 plan, which is a routine disclosure for executive compensation and diversification, not inherently positive or negative for company performance.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, which indicates pre-planned transactions and helps mitigate concerns about trading on material non-public information.

Negatives

• CEO Eric S. Yuan sold a significant number of Class A Common Stock shares, which could be perceived as a lack of confidence by some investors, although it is a pre-planned transaction.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is specific to Zoom Communications, Inc. and its CEO, Eric S. Yuan. It does not provide broader industry trends or competitive analysis.

Corporate Governance

Related Party Transactions

• The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person (Eric S. Yuan) and the Reporting Person's spouse serve as cotrustees, indicating a related party holding structure.

Stakeholder Impact

• Shareholders: The disclosure of executive stock sales provides transparency regarding insider holdings and trading activity, which can inform investment decisions.

Key Dates

Keywords

Zoom, ZM, Eric Yuan, Insider Trading, Form 4, Stock Sale, CEO, 10b5-1 Plan, Class A Common Stock, Class B Common Stock, Restricted Stock Units