Kelly Steckelberg - 25 Apr 2022 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Chief Financial Officer
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
25 Apr 2022
Net transactions value
-$670,000
Form type
4
Filing time
27 Apr 2022, 19:50:54 UTC
Previous filing
12 Apr 2022
Next filing
18 May 2022
SEC
View on sec.gov

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 25 Apr 2022 Direct
transaction ZM Class A Common Stock Sale $670,000 -6,700 -100% $100.00 0 25 Apr 2022 Direct F1
holding ZM Class A Common Stock 3,241 25 Apr 2022 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 Employee Stock Option (right to buy) Options Exercise $0 -6,700 -0.88% $0.000000 757,700 25 Apr 2022 Class B Common Stock 6,700 $1.31 Direct F3, F4
transaction ZM Class B Common Stock Options Exercise $0 +6,700 $0.000000 6,700 25 Apr 2022 Class A Common Stock 6,700 $0.000000 Direct F4
transaction ZM Class B Common Stock Conversion of derivative security $0 -6,700 -100% $0.000000* 0 25 Apr 2022 Class A Common Stock 6,700 $0.000000 Direct F4
holding ZM Employee Stock Option (right to buy) 100,000 25 Apr 2022 Class B Common Stock 100,000 $3.77 Direct F4, F5
holding ZM Restricted Stock Units 6,315 25 Apr 2022 Class A Common Stock 6,315 Direct F6, F7
holding ZM Restricted Stock Units 139 25 Apr 2022 Class A Common Stock 139 Direct F6, F8
holding ZM Restricted Stock Units 225 25 Apr 2022 Class A Common Stock 225 Direct F6, F9
* 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 shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
F3 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.
F4 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.
F5 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.
F6 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F7 The reporting person received an award of restricted stock units on April 8, 2022, 100% of which will vest on the first anniversary date of the grant.
F8 The reporting person received an award of restricted stock units on April 8, 2022, 100% of which will vest on June 8, 2022.
F9 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.