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

Role: Chief Financial Officer
Signature: /s/ Aparna Bawa, Attorney-in-Fact
Stock symbol: ZM
Transactions as of: Jun 8, 2021
Transactions value $: -$30,428
Form type: 4
Date filed: 6/10/2021, 06:43 PM
Previous filing: Jun 7, 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	Options Exercise	$0	+225		$0.00	225	Jun 8, 2021	Direct
transaction	ZM	Class A Common Stock	Tax liability	-$30.4K	-92	-40.89%	$330.74	133	Jun 8, 2021	Direct	F1
holding	ZM	Class A Common Stock						1.39K	Jun 8, 2021	See footnote	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	ZM	Restricted Stock Units	Options Exercise	$0	-225	-50%	$0.00	225	Jun 8, 2021	Class A Common Stock	225		Direct	F3, F4
holding	ZM	Employee Stock Option (right to buy)						892K	Jun 8, 2021	Class B Common Stock	892K	$1.31	Direct	F5, F6
holding	ZM	Employee Stock Option (right to buy)						100K	Jun 8, 2021	Class B Common Stock	100K	$3.77	Direct	F6, F7

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

Explanation of Responses:

Id	Content
F1	Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
F2	The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
F3	Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F4	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.
F5	1/4 of the shares subject to the option vested on November 6, 2018, and 1/48 of the shares vest monthly thereafter. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
F6	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 initial public offering.
F7	1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.