Aparna Bawa - Jun 4, 2023 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Chief Operating Officer
Signature
/s/ Aparna Bawa
Stock symbol
ZM
Transactions as of
Jun 4, 2023
Transactions value $
-$56,938
Form type
4
Date filed
6/6/2023, 05:01 PM
Previous filing
Jun 1, 2023
Next filing
Jun 8, 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 +1.71K +11.31% $0.00 16.8K Jun 4, 2023 See footnote F1
transaction ZM Class A Common Stock Tax liability -$56.9K -853 -5.07% $66.75 16K Jun 4, 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 -1.71K -16.66% $0.00 8.55K Jun 4, 2023 Class A Common Stock 1.71K Direct F3, F4
holding ZM Restricted Stock Units 17.9K Jun 4, 2023 Class A Common Stock 17.9K Direct F3, F5
holding ZM Restricted Stock Units 156K Jun 4, 2023 Class A Common Stock 156K Direct F3, F6
holding ZM Restricted Stock Units 10.4K Jun 4, 2023 Class A Common Stock 10.4K Direct F3, F7
holding ZM Restricted Stock Units 34.3K Jun 4, 2023 Class A Common Stock 34.3K Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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.
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 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.
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 6, 2023, 100% of which will vest on the first anniversary date of the grant.
F8 The Reporting Person received an award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year.