Kelly Steckelberg - 26 Jan 2022 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
26 Jan 2022
Net transactions value
-$976,333
Form type
4
Filing time
28 Jan 2022, 17:00:35 UTC
Previous filing
12 Jan 2022
Next filing
16 Feb 2022

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 +6,700 $0.000000 6,700 26 Jan 2022 Direct
transaction ZM Class A Common Stock Sale $112,300 -803 -12% $139.85 5,897 26 Jan 2022 Direct F1, F2
transaction ZM Class A Common Stock Sale $98,553 -700 -12% $140.79 5,197 26 Jan 2022 Direct F1, F3
transaction ZM Class A Common Stock Sale $42,540 -300 -5.8% $141.80 4,897 26 Jan 2022 Direct F1, F4
transaction ZM Class A Common Stock Sale $14,267 -100 -2% $142.67 4,797 26 Jan 2022 Direct F1
transaction ZM Class A Common Stock Sale $28,854 -200 -4.2% $144.27 4,597 26 Jan 2022 Direct F1, F5
transaction ZM Class A Common Stock Sale $58,316 -400 -8.7% $145.79 4,197 26 Jan 2022 Direct F1, F6
transaction ZM Class A Common Stock Sale $190,931 -1,300 -31% $146.87 2,897 26 Jan 2022 Direct F1, F7
transaction ZM Class A Common Stock Sale $221,865 -1,500 -52% $147.91 1,397 26 Jan 2022 Direct F1, F8
transaction ZM Class A Common Stock Sale $108,660 -730 -52% $148.85 667 26 Jan 2022 Direct F1, F9
transaction ZM Class A Common Stock Sale $84,982 -567 -85% $149.88 100 26 Jan 2022 Direct F1, F10
transaction ZM Class A Common Stock Sale $15,065 -100 -100% $150.65 0 26 Jan 2022 Direct F1
holding ZM Class A Common Stock 3,241 26 Jan 2022 See footnote F11

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 -6,700 -0.84% $0.000000 791,200 26 Jan 2022 Class B Common Stock 6,700 $1.31 Direct F12, F13
transaction ZM Class B Common Stock Options Exercise $0 +6,700 $0.000000 6,700 26 Jan 2022 Class A Common Stock 6,700 $0.000000 Direct F13
transaction ZM Class B Common Stock Conversion of derivative security $0 -6,700 -100% $0.000000* 0 26 Jan 2022 Class A Common Stock 6,700 $0.000000 Direct F13
holding ZM Employee Stock Option (right to buy) 100,000 26 Jan 2022 Class B Common Stock 100,000 $3.77 Direct F13, F14
holding ZM Restricted Stock Units 225 26 Jan 2022 Class A Common Stock 225 Direct F15, F16
* 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 $139.39 to $140.35. 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.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.48 to $141.08. 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 $141.60 to $141.98. 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 $144.07 to $144.48. 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 $145.31 to $146.11. 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.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.39 to $147.27. 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 $147.44 to $148.42. 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 $148.48 to $149.34. 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 $149.64 to $150.27. 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 shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
F12 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.
F13 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.
F14 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.
F15 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F16 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.