Kelly Steckelberg - Apr 6, 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: Apr 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/10/2023, 08:29 PM
Previous filing: Mar 30, 2023
Next filing: Apr 11, 2023

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	+10.4K		$0.00	10.4K	Apr 6, 2023	Class A Common Stock	10.4K		Direct	F1, F2
holding	ZM	Restricted Stock Units						6.32K	Apr 6, 2023	Class A Common Stock	6.32K		Direct	F1, F3
holding	ZM	Restricted Stock Units						260K	Apr 6, 2023	Class A Common Stock	260K		Direct	F1, F4
holding	ZM	Employee Stock Option (right to buy)						692K	Apr 6, 2023	Class B Common Stock	692K	$1.31	Direct	F5, F6
holding	ZM	Employee Stock Option (right to buy)						100K	Apr 6, 2023	Class B Common Stock	100K	$3.77	Direct	F6, F7

* 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 April 6, 2023, 100% of which will vest on the first anniversary date of the grant.
F3	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.
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.