Kelly Steckelberg - 01 Aug 2022 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
01 Aug 2022
Net transactions value
-$706,588
Form type
4
Filing time
03 Aug 2022, 19:35:23 UTC
Previous filing
20 Jul 2022
Next filing
11 Oct 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 01 Aug 2022 Direct
transaction ZM Class A Common Stock Sale $61,706 -600 -9% $102.84 6,100 01 Aug 2022 Direct F1, F2
transaction ZM Class A Common Stock Sale $31,074 -300 -4.9% $103.58 5,800 01 Aug 2022 Direct F1, F3
transaction ZM Class A Common Stock Sale $337,068 -3,207 -55% $105.10 2,593 01 Aug 2022 Direct F1, F4
transaction ZM Class A Common Stock Sale $147,980 -1,393 -54% $106.23 1,200 01 Aug 2022 Direct F1, F5
transaction ZM Class A Common Stock Sale $128,761 -1,200 -100% $107.30 0 01 Aug 2022 Direct F1, F6
holding ZM Class A Common Stock 3,574 01 Aug 2022 See footnote F7

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 -0.93% $0.000000 717,500 01 Aug 2022 Class B Common Stock 6,700 $1.31 Direct F8, F9
transaction ZM Class B Common Stock Options Exercise $0 +6,700 $0.000000 6,700 01 Aug 2022 Class A Common Stock 6,700 $0.000000 Direct F9
transaction ZM Class B Common Stock Conversion of derivative security $0 -6,700 -100% $0.000000* 0 01 Aug 2022 Class A Common Stock 6,700 $0.000000 Direct F9
holding ZM Employee Stock Option (right to buy) 100,000 01 Aug 2022 Class B Common Stock 100,000 $3.77 Direct F9, F10
holding ZM Restricted Stock Units 297,216 01 Aug 2022 Class A Common Stock 297,216 Direct F11, F12
holding ZM Restricted Stock Units 6,315 01 Aug 2022 Class A Common Stock 6,315 Direct F11, F13
* 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 $102.31 to $103.17. 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 $103.37 to $103.99. 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 $104.55 to $105.48. 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.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.71 to $106.69. 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 $106.90 to $107.69. 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 shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
F8 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.
F9 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.
F10 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.
F11 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F12 The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
F13 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.