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ZM Zoom Communications, Inc. Insider Trading

Latest: COO Sold $1.1M of Shares · Apr 2026

Multiple insiders have been active at Zoom Communications, Inc. (ZM): 5 distinct insiders account for 0 buy filings and 38 sell filings as of Jul 2026. Its highest-significance filing in the last 90 days: COO Bawa Aparna sold $1.1M, transaction dated Apr 2026.

29 filings analyzed · Latest 2026-07-15

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Buys
0
Sells
38
Insiders
5
Direction
Net selling

Zoom Communications, Inc. leadership

CEO
Eric S. Yuan — CHIEF EXECUTIVE OFFICER
CFO
Michelle Chang — CHIEF FINANCIAL OFFICER
COO
Aparna Bawa — Chief Operating Officer
Chair
Eric S. Yuan — President, Chief Executive Officer and Chairman of the Board

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a low insider sell (n ≈ 1,162, 2024-2026). Past results don't predict the future. How we measure this ↗

July 2026
2026-07-15 10b5-1 Plan
low
Chief Executive Officer
57,824 shares
$5,289,061
@ $91.47
Significance 4

CEO Eric S. Yuan sells 57,824 shares ($5.3M) via 6 transactions under pre-arranged 10b5-1 plan

Eric S. Yuan, Zoom's CEO, executed 6 separate sales totaling 57,824 shares for $5,289,060.72 on July 13–14, 2026, at prices ranging from $89.49 to $92.53, under a pre-arranged 10b5-1 trading plan adopted on 2025-06-20. The blended average sale price was $91.47. His non-derivative holdings fell from 80,822 to 22,998 shares post-transaction. This is a scheduled, non-discretionary divestiture; the plan's adoption predates this filing by over a year, removing any inference about current conviction or market timing. His prior same-ticker sales on 2026-06-03 showed 30-day returns ranging from -21.0% to -18.0%, though 90-day outcomes remain unmeasurable for those trades. The stock currently trades at $92.60, near the transaction prices, in a 52-week range of $69.15–$114.74.

2026-07-13 10b5-1 Plan
medium
Chief Financial Officer
8,489 shares
$770,820
@ $90.80
Significance 4

ZM CFO Michelle Chang sells 8,489 shares for $770,819.76 under 10b5-1 plan; retains 35,452 non-derivative shares plus 199,956 RSU holdings.

Michelle Chang, CFO of Zoom Communications, executed 2 separate sales totaling 8,489 shares for $770,819.76, reducing her non-derivative holdings by 19.3% to 35,452 shares. The transaction was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-06-13, meaning it was scheduled rather than discretionary. Chang retains substantial derivative holdings of 199,956 restricted stock units, indicating her economic stake in the company remains material. The stock is trading at $91.88, down 19.9% from its 52-week high of $114.74, and is up 11.5% over 90 days. Her prior five trades at ZM show 30-day returns ranging from +30.0% to +35.9%, though this transaction's timing is not a signal of conviction given the 10b5-1 plan structure.

June 2026
2026-06-04 10b5-1 Plan
low
Chief Executive Officer
24,200 shares
$2,639,028
@ $109.05
Significance 4

CEO Eric Yuan sells 24,200 shares for $2.6M across 10 transactions via pre-arranged 10b5-1 plan on 2026-06-02/03

Eric S. Yuan, CEO of Zoom, executed 10 separate sales totaling 24,200 shares for $2,639,027.62 across June 2–3, 2026 at an average price of $109.05 per share. This transaction was completed under a pre-arranged 10b5-1 trading plan adopted on 2025-06-20, meaning it was scheduled rather than discretionary. The sales reduced his Class A common stock holdings to zero; however, Yuan retains substantial derivative holdings totaling 41,493,070 shares across two Class B common stock positions, indicating his economic interest and voting control remain intact. The stock currently trades at $105.21, down 3.6% over the prior 30 days but up 35.8% over 90 days, suggesting the sales occurred during a period of recent momentum. As a scheduled 10b5-1 transaction, the execution reflects predetermined scheduling rather than tactical market-timing decisions by the insider.

May 2026
2026-05-06 10b5-1 Plan
medium
Chief Executive Officer
24,200 shares
$2,599,495
@ $107.42
Significance 3

CEO Yuan liquidates full holdings through scheduled 10b5-1 plan conversion and sales, exiting all ZM shares after all prior sales were poorly timed.

CEO Eric Yuan exited his entire remaining Zoom stake over two trading days in early May through a pre-planned 10b5-1 arrangement, liquidating approximately half of his prior holdings and triggering the conversion mechanism that generated the remaining shares sold. This is a complete exit by one of the company's most visible figures, which carries symbolic weight regardless of the transaction mechanism. What amplifies the significance is Yuan's track record: every prior sale he executed in this stock saw the shares rise afterward—a consistent pattern of poorly-timed exits spanning recent months. The current trade occurs while the stock trades slightly below its 52-week high and has recently rallied sharply, suggesting Yuan chose to sell into strength. The company itself remains profitable with solid revenue growth, so the exit is not forced by operational distress. Rather, it represents a deliberate choice by the CEO to move out of his entire company position—a decision that contrasts sharply with the typical insider buying that accompanies confidence in a company's trajectory.

April 2026
2026-04-21 10b5-1 Plan
medium
Chief Operating Officer
12,886 shares
$1,129,110
@ $87.62
Significance 6

Zoom COO Bawa Aparna sells 12,886 shares for $1,129,109.76, reducing stake by 86.7% to 1,978 shares.

Chief Operating Officer Bawa Aparna executed 2 separate sales totaling 12,886 shares for $1,129,109.76 on 2026-04-17, reducing her post-transaction holdings to 1,978 shares (down 86.7% from 14,864 pre-transaction). The sales occurred at blended average price of $87.62, while the stock currently trades at $90.96. Her prior sales at Zoom (5 trades spanning July 2025 to January 2026) delivered 90-day returns ranging from +3.1% to +6.7%, with none qualifying as well-timed by the 90-day mark; across all of her cross-ticker open-market sales, her 26.32% well-timed rate suggests modest predictive value. The substantial reduction in her ZM holdings, combined with the company's solid fundamentals (P/E 14.39, net income $612.9M, 4.4% annual revenue growth), warrants attention as a data point in the broader flow of insider liquidity at this valuation.

2026-04-15 10b5-1 Plan
medium
Chief Executive Officer
85,196 shares
$6,934,723
@ $81.40
Significance 5

Zoom CEO Yuan Eric S. sells 85,196 shares for $6,934,722.77 under pre-arranged 10b5-1 plan; retains 36,796 shares.

Yuan Eric S., Chief Executive Officer of Zoom Communications, Inc., executed 8 separate sales totaling 85,196 shares for $6,934,722.77 on April 13–14, 2026, at prices ranging from $79.95 to $84.30 per share. This transaction was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-06-20, meaning the sales were scheduled rather than discretionary. The CEO's holdings declined from 121,992 shares to 36,796 shares post-transaction, representing a 69.8% reduction in that batch. Because this filing contains a derivative-conversion transaction, the 36.8K shares shown in Table I do not represent the insider's total economic position; derivative holdings disclosed in Table II would need to be reviewed to assess the complete picture. The scheduled nature of the plan removes timing considerations from analysis; investors should focus on the filing's disclosure of the plan's terms and any other material developments concurrent with the sale window.

2026-04-13 10b5-1 Plan
medium
Chief Financial Officer
8,489 shares
$690,331
@ $81.32
Significance 5

CFO Chang Michelle sold 8,489 shares at blended avg $81.32 for $690,330.55; post-sale holdings 30,467 shares.

Michelle Chang, CFO of Zoom Communications, executed 4 separate sales totaling 8,489 shares for $690,330.55 on 2026-04-10 at prices ranging from $80.36 to $84.00, reducing her holdings by 21.8% from 39.0K to 30.5K shares. The current price of $82.80 sits 14.0% below the 52-week high of $96.22, and the 30-day change shows +11.7% while the 90-day change is -0.5%. Her prior trades at Zoom across 4 occasions yielded mixed 90-day results: two of the four prior sells at this ticker were well-timed (negative 90-day returns of -8.2% and -9.1% on 2026-01-12; positive returns of +4.7% and +3.5% on 2025-10-10). The scale of this sale—removing one-fifth of her position in a single filing—combined with the stock's recent price momentum (+11.7% over 30 days) warrants tracking against her prior execution patterns at this specific security.

February 2026
2026-02-04 10b5-1 Plan
medium
Chief Executive Officer
24,200 shares
$2,206,077
@ $91.16
Significance 6

CEO Yuan Eric S. sold 24,200 shares for $2.2M (blended avg $91.16) via 10b5-1 plan; Table I holdings now zero pending derivative conversion review.

CEO Yuan Eric S. executed 10 separate sales totaling 24,200 shares for $2,206,076.52 over February 2–3, 2026, under a pre-arranged 10b5-1 trading plan adopted on 2025-06-20. The sales were distributed across two days with prices ranging from $88.50 to $93.82, resulting in a blended average price of $91.16. The Form 4 shows zero Table I shares post-transaction; however, the filing flags a derivative conversion (C) in Table II, meaning the insider's full position may reside in derivative securities not yet populated in the database. Investors should obtain the complete Form 4 document to review Table II and confirm the insider's total economic stake remains intact through option holdings or other derivative instruments. The scheduled nature of the sale under a 10b5-1 plan precludes any inference about current sentiment or market timing.

January 2026
2026-01-21 10b5-1 Plan
medium
Chief Operating Officer
12,137 shares
$987,553
@ $81.37
Significance 4

Zoom COO Aparna Bawa sold 12,137 shares for $987,553.42 via scheduled 10b5-1 plan

Aparna Bawa, Chief Operating Officer of Zoom Communications, sold 12,137 shares across two separate transactions on 2026-01-16 at an average price of $81.37, raising $987,553.42. This sale reduced her holdings from 14,115 shares to 1,978 shares, representing a -86.0% reduction in her pre-transaction position. The FLAG indicates this sale was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-06-04, meaning the transaction was scheduled rather than discretionary. As a scheduled plan transaction, it reflects predetermined execution criteria rather than a real-time market view.

2026-01-15 10b5-1 Plan
medium
Chief Executive Officer
59,469 shares
$4,972,188
@ $83.61
Significance 6

CEO Yuan Eric S. executes 6 sales of 59,469 shares for $4,972,188.14 under 10b5-1 plan (2025-06-20).

Yuan Eric S., Chief Executive Officer, executed 6 separate sales totaling 59,469 shares for $4,972,188.14 across two trading days (2026-01-13 and 2026-01-14), at a blended average price of $83.61. This transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on 2025-06-20, making it a scheduled, non-discretionary execution rather than a discretionary trade decision. The filing reflects a conversion of derivative securities, with the derivative holdings recorded in Form 4 Table II (not yet populated in the database); investors should consult the full Form 4 filing to assess the insider's total economic position beyond the direct share sales shown here. The multi-tranche execution across two consecutive trading days at prices ranging from $83.10 to $85.92 reflects the mechanics of a pre-arranged trading schedule.

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