Aparna Bawa - Dec 4, 2021 Form 4/A - Amendment Insider Report for Zoom Video Communications, Inc. (ZM)

Role: Chief Operating Officer
Signature: /s/ Aparna Bawa
Stock symbol: ZM
Transactions as of: Dec 4, 2021
Transactions value $: -$156,027
Form type: 4/A - Amendment
Date filed: 3/21/2022, 05:49 PM
Date Of Original Report: Dec 7, 2021
Previous filing: Nov 4, 2021
Next filing: Aug 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZM	Class A Common Stock	Options Exercise	$0	+1.71K	+1.79%	$0.00	97.1K	Dec 4, 2021	See footnote	F1, F2
transaction	ZM	Class A Common Stock	Tax liability	-$156K	-866	-0.89%	$180.17	96.3K	Dec 4, 2021	See footnote	F1, F2, F3

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	-1.71K	-8.33%	$0.00	18.8K	Dec 4, 2021	Class A Common Stock	1.71K		Direct	F4, F5
holding	ZM	Restricted Stock Units						225	Dec 4, 2021	Class A Common Stock	225		Direct	F4, F6

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

Explanation of Responses:

Id	Content
F1	The shares were issued pursuant to an option that was early exercised by the Reporting Person, and 67,500 shares are subject to the Issuer's right to repurchase as of the date hereof.
F2	The shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees.
F3	Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
F4	Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F5	On July 23, 2020, the Compensation Committee approved an award of restricted stock units to be granted to the Reporting Person, effective September 4, 2020 (the "RSU"). The number of shares of the Issuer's Class A Common Stock issuable under the RSU was determined by dividing $7,000,000 by the average closing price of the Issuer's Class A Common Stock over the sixty (60) day trading period ending seven days prior to the September 4, 2020 grant date and rounding up to the nearest whole share. The RSU vests as to 1/4th of the shares subject to the RSU on the one-year anniversary of the grant date, with1/12 of the remaining shares vesting in equal quarterly installments over the next three years subject to the Reporting Person's continuous service as of such vesting dates. The RSU is subject to accelerated vesting in the event of termination of employment by the Reporting Person under certain circumstances in connection with a change in control of the Issuer.
F6	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.

Remarks:

This amendment is being filed to correct the number of shares withheld for taxes upon vesting of the RSUs and resultant total shares held by the reporting person, which were previously inadvertently misstated due to a clerical error. All other information previously reported remains the same.