Zoom Communications, Inc. — Director's Dealing 2025

Aug 28, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2025-08-25

Reporting Person: Subotovsky Santiago (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-25	Class A Common Stock	C	807265	—	Acquired	0	Indirect
2025-08-26	Class A Common Stock	S	1461	$79.2099	Disposed	158608	Direct
2025-08-26	Class A Common Stock	S	814	$80.1408	Disposed	157794	Direct
2025-08-26	Class A Common Stock	S	200	$80.91	Disposed	157594	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-08-25	Class B Common Stock	$	C	807265	Disposed		Class A Common Stock (807265)	Indirect

Footnotes

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.