Kelly Steckelberg - Jan 8, 2023 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: Jan 8, 2023
Transactions value $: -$410,064
Form type: 4
Date filed: 1/10/2023, 04:41 PM
Previous filing: Dec 29, 2022
Next filing: Jan 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZM	Class A Common Stock	Options Exercise	$0	+18.6K	+130.39%	$0.00	32.8K	Jan 8, 2023	See footnote	F1
transaction	ZM	Class A Common Stock	Tax liability	-$410K	-5.87K	-17.9%	$69.81	26.9K	Jan 8, 2023	See footnote	F1, 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	Restricted Stock Units	Options Exercise	$0	-18.6K	-6.67%	$0.00	260K	Jan 8, 2023	Class A Common Stock	18.6K		Direct	F3, F4
holding	ZM	Employee Stock Option (right to buy)						711K	Jan 8, 2023	Class B Common Stock	711K	$1.31	Direct	F5, F6
holding	ZM	Employee Stock Option (right to buy)						100K	Jan 8, 2023	Class B Common Stock	100K	$3.77	Direct	F6, F7
holding	ZM	Restricted Stock Units						6.32K	Jan 8, 2023	Class A Common Stock	6.32K		Direct	F3, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
F2	Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
F3	Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F4	The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
F5	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.
F6	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.
F7	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.
F8	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.