Kimberly Hammonds - Jun 8, 2021 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Director
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jun 8, 2021
Transactions value $
-$66,150
Form type
4
Date filed
6/10/2021, 06:42 PM
Previous filing
Jun 2, 2021
Next filing
Jun 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Conversion of derivative security $0 +189 $0.00 189 Jun 8, 2021 Direct
transaction ZM Class A Common Stock Sale -$66.2K -189 -100% $350.00* 0 Jun 8, 2021 Direct F1

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 ZM Director Stock Option (right to buy) Options Exercise $0 -189 -0.25% $0.00 74.8K Jun 8, 2021 Class B Common Stock 189 $3.77 Direct F2, F3
transaction ZM Class B Common Stock Options Exercise $0 +189 $0.00 189 Jun 8, 2021 Class A Common Stock 189 Direct F3
transaction ZM Class B Common Stock Conversion of derivative security $0 -189 -100% $0.00* 0 Jun 8, 2021 Class A Common Stock 189 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 12, 2018. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
F3 Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's IPO.