Mikkel Svane - Nov 4, 2022 Form 4 Insider Report for Zendesk, Inc. (ZEN)

Role: Chair and CEO, Director
Signature: /s/ Albert Yeh via Power-of-Attorney for Mikkel Svane
Stock symbol: ZEN
Transactions as of: Nov 4, 2022
Transactions value $: -$73,715
Form type: 4
Date filed: 11/8/2022, 05:58 PM
Previous filing: Oct 18, 2022
Next filing: Nov 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZEN	Common Stock	Options Exercise		+540	+0.11%		505K	Nov 4, 2022	Direct	F1
transaction	ZEN	Common Stock	Tax liability	-$20.5K	-268	-0.05%	$76.31	505K	Nov 4, 2022	Direct	F2
transaction	ZEN	Common Stock	Options Exercise		+815	+0.16%		506K	Nov 4, 2022	Direct	F1
transaction	ZEN	Common Stock	Tax liability	-$30.9K	-405	-0.08%	$76.31	506K	Nov 4, 2022	Direct	F2
transaction	ZEN	Common Stock	Options Exercise		+590	+0.12%		506K	Nov 4, 2022	Direct	F1
transaction	ZEN	Common Stock	Tax liability	-$22.4K	-293	-0.06%	$76.31	506K	Nov 4, 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ZEN	Restricted Stock Unit	Options Exercise	$0	-540	-33.33%	$0.00	1.08K	Nov 4, 2022	Common Stock	540		Direct	F1, F3, F4
transaction	ZEN	Restricted Stock Unit	Options Exercise	$0	-815	-6.25%	$0.00	12.2K	Nov 4, 2022	Common Stock	815		Direct	F1, F4, F5
transaction	ZEN	Restricted Stock Unit	Options Exercise	$0	-590	-3.57%	$0.00	15.9K	Nov 4, 2022	Common Stock	590		Direct	F1, F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	Represents the number of shares withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of the restricted stock units listed in Table II. Such withholding is mandated by an election of the Issuer made in advance and does not represent a discretionary trade by the Reporting Person.
F3	1/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of January 15, 2019, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.
F4	Shares issuable pursuant to restricted stock units (RSUs) originally scheduled to vest on November 15, 2022, but which vesting was accelerated to November 4, 2022, in order to facilitate the settlement of taxes due upon vesting of such RSUs, in advance of the closing of the acquisition of the Issuer by an investor group led by Permira Advisers LLC and Hellman & Friedman LLC.
F5	1/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of February 15, 2020, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.
F6	1/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of February 15, 2021, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.