Janine Pelosi - 08 Jun 2021 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Chief Marketing Officer
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
08 Jun 2021
Net transactions value
-$2,830,367
Form type
4
Filing time
10 Jun 2021, 18:42:52 UTC
Next filing
16 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Options Exercise $0 +225 +1.3% $0.000000 16,993 08 Jun 2021 Direct F1
transaction ZM Class A Common Stock Tax liability $38,367 -116 -0.68% $330.75 16,877 08 Jun 2021 Direct F2
transaction ZM Class A Common Stock Conversion of derivative security $0 +8,000 +47% $0.000000 24,877 08 Jun 2021 Direct
transaction ZM Class A Common Stock Sale $2,792,000 -8,000 -32% $349.00* 16,877 08 Jun 2021 Direct F3
holding ZM Class A Common Stock 7,310 08 Jun 2021 See footnote F4
holding ZM Class A Common Stock 7,310 08 Jun 2021 See footnote F5

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 Restricted Stock Units Options Exercise $0 -225 -50% $0.000000 225 08 Jun 2021 Class A Common Stock 225 Direct F6, F7
transaction ZM Employee Stock Option (right to buy) Options Exercise $0 -8,000 -3.4% $0.000000 229,890 08 Jun 2021 Class B Common Stock 8,000 $3.77 Direct F8
transaction ZM Class B Common Stock Options Exercise $0 +8,000 $0.000000 8,000 08 Jun 2021 Class A Common Stock 8,000 Direct F9
transaction ZM Class B Common Stock Conversion of derivative security $0 -8,000 -100% $0.000000* 0 08 Jun 2021 Class A Common Stock 8,000 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an exempt transfer of 7,310 Class A shares to the JA Pelosi 2021 Zoom GRAT on March 5, 2021 and an exempt transfer of 7,310 Class A shares to the JJ Pelosi 2021 Zoom GRAT on March 5, 2021.
F2 Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
F3 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4 The shares are held of record by the JJ Pelosi 2021 Zoom GRAT, for which the Reporting Person's spouse serves as trustee.
F5 The shares are held of record by the JA Pelosi 2021 Zoom GRAT, for which the Reporting Person serves as trustee.
F6 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F7 The reporting person received an award of restricted stock units on June 8, 2020, 1/2 of which will vest on the first anniversary date of the grant, and 1/2 of which will vest on the second anniversary date of the grant.
F8 1/48 of the shares subject to the option vests in equal monthly installments commencing one month from July 11, 2018.
F9 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 convert automatically 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 initial public offering.