Pat Copeland - Nov 22, 2022 Form 4 Insider Report for Zendesk, Inc. (ZEN)

Role
Chief Engineering Officer
Signature
/s/ Albert Yeh via Power-of-Attorney for Patrick Copeland
Stock symbol
ZEN
Transactions as of
Nov 22, 2022
Transactions value $
-$10,026,640
Form type
4
Date filed
11/25/2022, 07:41 PM
Previous filing
Aug 1, 2022

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 Disposed to Issuer -$7.52M -97K -100% $77.50 0 Nov 22, 2022 Common Stock 97K Direct F1
transaction ZEN Performance Restricted Stock Unit Award $0 +32.3K $0.00 32.3K Nov 22, 2022 Common Stock 32.3K Direct F2
transaction ZEN Performance Restricted Stock Unit Disposed to Issuer -$2.51M -32.3K -100% $77.50 0 Nov 22, 2022 Common Stock 32.3K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Pat Copeland is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 At the Effective Time, each restricted stock unit award was canceled and converted, in accordance with the terms of the Merger Agreement, into the right to receive an unvested cash award equal to the product of (x) the number of shares of Company Common Stock subject to such award as of immediately prior to the Effective Time multiplied by (y) the Merger Consideration.
F2 At the Effective Time, each performance-based restricted stock unit award was canceled and converted, in accordance with the terms of the Merger Agreement, into the right to receive an unvested cash award equal to the product of (x) the number of shares of Company Common Stock subject to such award as of immediately prior to the Effective Time multiplied by (y) the Merger Consideration.