Kelly Steckelberg - Jul 28, 2023 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jul 28, 2023
Transactions value $
-$806,718
Form type
4
Date filed
8/1/2023, 05:54 PM
Previous filing
Jul 17, 2023
Next filing
Aug 25, 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 +11K $0.00 11K Jul 28, 2023 Direct
transaction ZM Class A Common Stock Sale -$578K -7.87K -71.82% $73.42 3.09K Jul 28, 2023 Direct F1, F2
transaction ZM Class A Common Stock Sale -$229K -3.09K -100% $74.09 0 Jul 28, 2023 Direct F1, F3
holding ZM Class A Common Stock 51.8K Jul 28, 2023 See footnote F4

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 Employee Stock Option (right to buy) Options Exercise $0 -11K -1.68% $0.00 643K Jul 28, 2023 Class B Common Stock 11K $1.31 Direct F5, F6
transaction ZM Class B Common Stock Options Exercise $0 +11K $0.00 11K Jul 28, 2023 Class A Common Stock 11K $0.00 Direct F6
transaction ZM Class B Common Stock Conversion of derivative security $0 -11K -100% $0.00* 0 Jul 28, 2023 Class A Common Stock 11K $0.00 Direct F6
holding ZM Employee Stock Option (right to buy) 100K Jul 28, 2023 Class B Common Stock 100K $3.77 Direct F6, F7
holding ZM Restricted Stock Units 10.4K Jul 28, 2023 Class A Common Stock 10.4K Direct F8, F9
holding ZM Restricted Stock Units 176K Jul 28, 2023 Class A Common Stock 176K Direct F8, F10
holding ZM Restricted Stock Units 223K Jul 28, 2023 Class A Common Stock 223K Direct F8, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.955 to $73.93. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.965 to $74.43. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F4 The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
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.
F8 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F9 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.
F10 The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
F11 The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.