Aparna Bawa - Oct 8, 2022 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role: Chief Operating Officer
Signature: /s/ Aparna Bawa
Stock symbol: ZM
Transactions as of: Oct 8, 2022
Transactions value $: -$624,030
Form type: 4
Date filed: 10/11/2022, 08:40 PM
Previous filing: Sep 7, 2022
Next filing: Nov 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZM	Class A Common Stock	Options Exercise	$0	+16.4K	+23%	$0.00	87.9K	Oct 8, 2022	See footnote	F1, F2
transaction	ZM	Class A Common Stock	Tax liability	-$624K	-8.21K	-9.35%	$75.99	79.6K	Oct 8, 2022	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	-4.47K	-14.29%	$0.00	26.8K	Oct 8, 2022	Class A Common Stock	4.47K		Direct	F4, F5
transaction	ZM	Restricted Stock Units	Options Exercise	$0	-12K	-6.25%	$0.00	179K	Oct 8, 2022	Class A Common Stock	12K		Direct	F4, F6
holding	ZM	Restricted Stock Units						6.32K	Oct 8, 2022	Class A Common Stock	6.32K		Direct	F4, F7
holding	ZM	Restricted Stock Units						13.7K	Oct 8, 2022	Class A Common Stock	13.7K		Direct	F4, F8

* 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 grant that was early exercised by the Reporting Person. The option grant became fully vested on September 5, 2022.
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	The Reporting Person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years.
F6	The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
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	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.