Jonathan Chadwick - Sep 7, 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
Sep 7, 2021
Transactions value $
$0
Form type
4
Date filed
9/9/2021, 06:15 PM
Previous filing
Sep 21, 2021
Next filing
Oct 5, 2021

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 Award $0 +1.51K $0.00 1.51K Sep 7, 2021 Class A Common Stock 1.51K Direct F1, F2
holding ZM Class B Common Stock 110K Sep 7, 2021 Class A Common Stock 110K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F2 The Reporting Person received an award of restricted stock units on September 7, 2021, which vest in equal installments on each quarterly anniversary date over twelve quarters.
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 initial public offering.
F4 The shares were issued pursuant to an option grant that was early exercised by the Reporting Person. The option grant became fully vested on September 6, 2021.