Kelly Steckelberg - Jul 8, 2022 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Chief Financial Officer
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jul 8, 2022
Transactions value $
$0
Form type
4
Date filed
7/8/2022, 07:47 PM
Previous filing
Jun 30, 2022
Next filing
Jul 20, 2022

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 +297K $0.00 297K Jul 8, 2022 Class A Common Stock 297K Direct F1, F2
holding ZM Employee Stock Option (right to buy) 731K Jul 8, 2022 Class B Common Stock 731K $1.31 Direct F3, F4
holding ZM Employee Stock Option (right to buy) 100K Jul 8, 2022 Class B Common Stock 100K $3.77 Direct F4, F5
holding ZM Restricted Stock Units 6.32K Jul 8, 2022 Class A Common Stock 6.32K Direct F1, F6
* 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 July 8, 2022, which will vest in equal quarterly installments over four years.
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 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.