Aparna Bawa - Dec 4, 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
Dec 4, 2022
Transactions value $
-$63,344
Form type
4
Date filed
12/6/2022, 05:45 PM
Previous filing
Nov 21, 2022
Next filing
Dec 14, 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 +1.71K +2.15% $0.00 81.4K Dec 4, 2022 See footnote F1, F2
transaction ZM Class A Common Stock Tax liability -$63.3K -853 -1.05% $74.26 80.5K Dec 4, 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 -1.71K -12.5% $0.00 12K Dec 4, 2022 Class A Common Stock 1.71K Direct F4, F8
holding ZM Restricted Stock Units 6.32K Dec 4, 2022 Class A Common Stock 6.32K Direct F4, F5
holding ZM Restricted Stock Units 179K Dec 4, 2022 Class A Common Stock 191K Direct F4, F6
holding ZM Restricted Stock Units 26.8K Dec 4, 2022 Class A Common Stock 31.3K Direct F4, F7
* 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, 100% of which will vest on the first anniversary date of the grant.
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, which will vest in equal quarterly installments over two years.
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.