Daniel Scheinman - Jun 14, 2023 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Director
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jun 14, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 06:58 PM
Previous filing
May 24, 2023
Next filing
Jun 29, 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 +1.88K $0.00 1.88K Jun 14, 2023 See footnote F1

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 -1.88K -100% $0.00* 0 Jun 14, 2023 Class A Common Stock 1.88K Direct F2, F3
transaction ZM Restricted Stock Units Award $0 +4.09K $0.00 4.09K Jun 15, 2023 Class A Common Stock 4.09K Direct F2, F4
holding ZM Director Stock Option (right to buy) 100K Jun 14, 2023 Class B Common Stock 100K $10.79 Direct F5, F6
holding ZM Class B Common Stock 1.13M Jun 14, 2023 Class A Common Stock (2) 1.13M See footnote F6, F7
holding ZM Class B Common Stock 438K Jun 14, 2023 Class A Common Stock (2) 438K See footnote F1, F6
* 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 Dan & Zoe Scheinman Trust Dated 2/23/01, for which the Reporting Person serves as trustee.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F3 The reporting person received an award of restricted stock units all of which will vest in full on June 14, 2023, the day immediately preceding the Company's annual meeting of stockholders.
F4 The reporting person received an award of restricted stock units, 100% of which will vest on the first anniversary date of the grant (or, if sooner, the day immediately preceding the next annual meeting that occurs following the grant date).
F5 1/48 of the shares subject to the option vests in equal monthly installments commencing one month from November 29, 2018. 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 are held of record by The 2017 Scheinman Irrevocable Trust ("2017 Scheinman Trust"). The trustee for 2017 Scheinman Trust is Neuberger Berman Trust Company of Delaware N.A. The Reporting Person's family members are beneficiaries under the 2017 Scheinman Trust.