Subotovsky Santiago 4
4 · Zoom Communications, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Zoom (ZM) Director Subotovsky Sells 2,475 Shares
What Happened
- Santiago Subotovsky, a director of Zoom Video Communications (ZM), sold a total of 2,475 shares in open-market transactions on March 4, 2026, generating proceeds of approximately $191,619. The sales were executed in four tranches:
- 278 shares at a weighted avg. $75.56 — proceeds $21,007 (sales at $75.105–$76.095)
- 348 shares at a weighted avg. $76.49 — proceeds $26,619 (sales at $76.155–$77.065)
- 1,205 shares at a weighted avg. $77.69 — proceeds $93,621 (sales at $77.140–$78.090)
- 644 shares at a weighted avg. $78.22 — proceeds $50,372 (sales at $78.105–$78.365)
- These were sales (typically considered routine liquidity) rather than purchases.
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (filed promptly — Form 4 is due within two business days).
- Total shares sold: 2,475; total proceeds: ≈ $191,619.
- Trades were executed pursuant to a Rule 10b5-1 trading plan adopted by Subotovsky on December 19, 2024 (Footnote F1).
- The prices shown are weighted averages; the filing lists the detailed per-tranche price ranges (see ranges above; Reporting Person will provide exact breakdowns on request — Footnotes F2–F5).
- Ownership after transaction: not specified in the provided excerpt. Footnote F6 notes shares are held directly by the Subotovsky Mann Family Trust, of which the reporting person is trustee.
Context
- Because these sales were made under a pre-established 10b5-1 plan, they are generally treated as pre-scheduled dispositions and not necessarily a new signal about the director’s view of the company. Sales are common for liquidity or portfolio-management reasons; purchases tend to be more indicative of insider conviction.
Insider Transaction Report
Form 4
Subotovsky Santiago
Director
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-03-04$75.56/sh−278$21,007→ 155,639 total - Sale
Class A Common Stock
[F1][F3]2026-03-04$76.49/sh−348$26,619→ 155,291 total - Sale
Class A Common Stock
[F1][F4]2026-03-04$77.69/sh−1,205$93,621→ 154,086 total - Sale
Class A Common Stock
[F1][F5]2026-03-04$78.22/sh−644$50,372→ 153,442 total
Holdings
- 2,388(indirect: see footnote)
Class A Common Stock
[F6]
Footnotes (6)
- [F1]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
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.105 to $76.095. 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.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.155 to $77.065. 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.
- [F4]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.140 to $78.090. 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 $78.105 to $78.365. 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]Shares held directly by the Subotovsky Mann Family Trust, of which the Reporting Person is a trustee.
Signature
/s/ Aparna Bawa, Attorney-in-Fact|2026-03-06