Jonathan Chadwick - Jul 19, 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
Jul 19, 2023
Transactions value $
-$375,000
Form type
4
Date filed
7/21/2023, 05:52 PM
Previous filing
Jul 6, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Conversion of derivative security $0 +5K +566.89% $0.00 5.88K Jul 19, 2023 Direct
transaction ZM Class A Common Stock Sale -$375K -5K -85.01% $75.00 882 Jul 19, 2023 Direct 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 Class B Common Stock Conversion of derivative security $0 -5K -4.76% $0.00 100K Jul 19, 2023 Class A Common Stock 5K $0.00 Direct F2
holding ZM Restricted Stock Units 632 Jul 19, 2023 Class A Common Stock 632 Direct F3, F4
* 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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 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.
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 September 7, 2021, which vest in equal installments on each quarterly anniversary date over twelve quarters.