User settings updated webhook not firing correctly

We are integrating a new webhook subscription into our OAuth application to capture “User Settings Updated” events (from this webhook). We have successfully validated the URL for our endpoint, but the webhook is not firing for any settings changes we are making through the Zoom portal.

Settings Changes Tested: We tried updating a variety of settings and got no event fired. The cloud_recording and meeting_capacity settings are the ones we care most about capturing.
Expected Behavior: Expected the webhook to trigger and send data to our endpoint whenever these settings are updated.
Actual Behavior: No webhook event is triggered when any settings are modified.

Thank you in advance!