Kelly Steckelberg - Jun 11, 2021 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jun 11, 2021
Transactions value $
-$2,406,208
Form type
4
Date filed
6/15/2021, 06:28 PM
Previous filing
Jun 10, 2021
Next filing
Jun 30, 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 +6.7K $0.00 6.7K Jun 11, 2021 Direct
transaction ZM Class A Common Stock Sale -$69.4K -200 -2.99% $346.86* 6.5K Jun 11, 2021 Direct F1, F2
transaction ZM Class A Common Stock Sale -$69.5K -200 -3.08% $347.75* 6.3K Jun 11, 2021 Direct F1, F3
transaction ZM Class A Common Stock Sale -$105K -300 -4.76% $350.31* 6K Jun 11, 2021 Direct F1, F4
transaction ZM Class A Common Stock Sale -$106K -300 -5% $352.85* 5.7K Jun 11, 2021 Direct F1, F5
transaction ZM Class A Common Stock Sale -$192K -542 -9.51% $354.14* 5.16K Jun 11, 2021 Direct F1, F6
transaction ZM Class A Common Stock Sale -$35.5K -100 -1.94% $354.78* 5.06K Jun 11, 2021 Direct F1
transaction ZM Class A Common Stock Sale -$71.4K -200 -3.95% $356.91* 4.86K Jun 11, 2021 Direct F1, F7
transaction ZM Class A Common Stock Sale -$215K -600 -12.35% $358.08* 4.26K Jun 11, 2021 Direct F1, F8
transaction ZM Class A Common Stock Sale -$251K -700 -16.44% $359.06* 3.56K Jun 11, 2021 Direct F1, F9
transaction ZM Class A Common Stock Sale -$324K -900 -25.3% $360.32* 2.66K Jun 11, 2021 Direct F1, F10
transaction ZM Class A Common Stock Sale -$145K -400 -15.05% $361.43* 2.26K Jun 11, 2021 Direct F1, F11
transaction ZM Class A Common Stock Sale -$254K -700 -31% $362.66* 1.56K Jun 11, 2021 Direct F1, F12
transaction ZM Class A Common Stock Sale -$291K -800 -51.35% $363.97* 758 Jun 11, 2021 Direct F1, F13
transaction ZM Class A Common Stock Sale -$36.5K -100 -13.19% $364.95* 658 Jun 11, 2021 Direct F1
transaction ZM Class A Common Stock Sale -$241K -658 -100% $366.20* 0 Jun 11, 2021 Direct F1, F14
holding ZM Class A Common Stock 2.02K Jun 11, 2021 See footnote F15, F16

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 Employee Stock Option (right to buy) Options Exercise $0 -6.7K -0.75% $0.00 885K Jun 11, 2021 Class B Common Stock 6.7K $1.31 Direct F17, F18
transaction ZM Class B Common Stock Options Exercise $0 +6.7K $0.00 6.7K Jun 11, 2021 Class A Common Stock 6.7K $0.00 Direct F18
transaction ZM Class B Common Stock Conversion of derivative security $0 -6.7K -100% $0.00* 0 Jun 11, 2021 Class A Common Stock 6.7K $0.00 Direct F18
holding ZM Employee Stock Option (right to buy) 100K Jun 11, 2021 Class B Common Stock 100K $3.77 Direct F18, F19
holding ZM Restricted Stock Units 225 Jun 11, 2021 Class A Common Stock 225 Direct F20, F21
* 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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $346.54 to $347.18. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $347.54 to $347.95. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $350.15 to $350.52. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $352.41 to $353.29. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $353.75 to $354.50. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $356.47 to $357.35. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F8 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $357.55 to $358.33. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F9 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $358.58 to $359.50. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F10 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $359.90 to $360.83. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F11 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $361.12 to $361.73. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F12 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $362.14 to $363.11. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F13 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $363.41 to $364.36. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F14 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.91 to $366.73. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F15 Includes 133 shares of Class A Common stock inadvertently reported as directly held on June 8, 2021 and 501 shares of Class A Common Stock purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2020 to June 12, 2021. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on April 17, 2019.
F16 The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
F17 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.
F18 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.
F19 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.
F20 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F21 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.