Eric S. Yuan - Apr 6, 2023 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Chief Executive Officer, Director, 10%+ Owner
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
Jan 10, 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 +13.9K $0.00 13.9K Apr 6, 2023 Class A Common Stock 13.9K Direct F1, F2
holding ZM Restricted Stock Units 536K Apr 6, 2023 Class A Common Stock 536K Direct F1, F3
holding ZM Restricted Stock Units 8.42K Apr 6, 2023 Class A Common Stock 8.42K Direct F1, F4
holding ZM Employee Stock Option (right to buy) 67.2K Apr 6, 2023 Class B Common Stock 67.2K $3.77 Direct F5, F6
holding ZM Employee Stock Option (right to buy) 26.5K Apr 6, 2023 Class B Common Stock 26.5K $4.15 Direct F6, F7
holding ZM Class B Common Stock 22.5M Apr 6, 2023 Class A Common Stock 22.5M See footnote F6, F8
* 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 July 8, 2022, which will vest in equal quarterly installments over four years.
F4 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.
F5 The shares subject to the option vest in monthly installments as follows: approximately 1,577 shares vested on October 24, 2018 and approximately 1,577 vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 8,207 shares vested on January 24, 2019 and approximately 8,207 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 7,472 shares vest on the 24th day of each month thereafter through and including September 24, 2022. 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 The shares subject to the option vest in monthly installments as follows: approximately 8,840 shares vested on October 24, 2018 and approximately 8,840 shares vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 2,210 shares vested on January 24, 2019 and approximately 2,210 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 2,945 shares vest on the 24th day of each month thereafter through and including September 24, 2022. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
F8 The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.