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

Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
28 Jul 2023
Net transactions value
-$806,718
Form type
4
Filing time
01 Aug 2023, 17:54:32 UTC
Previous filing
17 Jul 2023
Next filing
25 Aug 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 +10,960 $0.000000 10,960 28 Jul 2023 Direct
transaction ZM Class A Common Stock Sale $577,935 -7,872 -72% $73.42 3,088 28 Jul 2023 Direct F1, F2
transaction ZM Class A Common Stock Sale $228,783 -3,088 -100% $74.09 0 28 Jul 2023 Direct F1, F3
holding ZM Class A Common Stock 51,830 28 Jul 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 -10,960 -1.7% $0.000000 642,708 28 Jul 2023 Class B Common Stock 10,960 $1.31 Direct F5, F6
transaction ZM Class B Common Stock Options Exercise $0 +10,960 $0.000000 10,960 28 Jul 2023 Class A Common Stock 10,960 $0.000000 Direct F6
transaction ZM Class B Common Stock Conversion of derivative security $0 -10,960 -100% $0.000000* 0 28 Jul 2023 Class A Common Stock 10,960 $0.000000 Direct F6
holding ZM Employee Stock Option (right to buy) 100,000 28 Jul 2023 Class B Common Stock 100,000 $3.77 Direct F6, F7
holding ZM Restricted Stock Units 10,388 28 Jul 2023 Class A Common Stock 10,388 Direct F8, F9
holding ZM Restricted Stock Units 175,695 28 Jul 2023 Class A Common Stock 175,695 Direct F8, F10
holding ZM Restricted Stock Units 222,912 28 Jul 2023 Class A Common Stock 222,912 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.