Zoom Communications, Inc. — Director's Dealing 2025

Oct 15, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2025-10-09

Reporting Person: Chang Michelle (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-09	Class A Common Stock	M	88869	—	Acquired	89465	Direct
2025-10-09	Class A Common Stock	F	34970	$79.85	Disposed	54495	Direct
2025-10-10	Class A Common Stock	S	26779	$81.8039	Disposed	27716	Direct
2025-10-10	Class A Common Stock	S	7177	$82.7214	Disposed	20539	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-09	Restricted Stock Units	$	M	88869	Disposed		Class A Common Stock (88869)	Direct

Footnotes

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.