Velchamy Sankarlingam - Sep 9, 2023 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Pres. of Engineering & Product
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Sep 9, 2023
Transactions value $
-$150,899
Form type
4
Date filed
9/12/2023, 06:24 PM
Previous filing
Sep 6, 2023
Next filing
Sep 14, 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 +4.22K +7.31% $0.00 62K Sep 9, 2023 Direct F1
transaction ZM Class A Common Stock Tax liability -$151K -2.11K -3.4% $71.55 59.9K Sep 9, 2023 Direct F2
holding ZM Class A Common Stock 36.1K Sep 9, 2023 Velchamy Family Trust
holding ZM Class A Common Stock 2K Sep 9, 2023 By Harshini Velchamy
holding ZM Class A Common Stock 2K Sep 9, 2023 By Ashwini Velchamy
holding ZM Class A Common Stock 2K Sep 9, 2023 By Janani Velchamy

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 -4.22K -7.69% $0.00 50.7K Sep 9, 2023 Class A Common Stock 4.22K Direct F3, F4
holding ZM Restricted Stock Units 25.3K Sep 9, 2023 Class A Common Stock 25.3K Direct F3, F5
holding ZM Restricted Stock Units 25.3K Sep 9, 2023 Class A Common Stock 25.3K Direct F3, F6
holding ZM Restricted Stock Units 10.4K Sep 9, 2023 Class A Common Stock 20.8K Direct F3, F7
holding ZM Restricted Stock Units 68.7K Sep 9, 2023 Class A Common Stock 68.7K Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 337 shares of Class A Common Stock purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2022 to June 12, 2023. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on June 12, 2023.
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 The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
F5 The reporting person received an award of restricted stock units, 1/4 of which will vest on July 8, 2021 and the remaining units will vest in equal quarterly installments thereafter, subject to the Reporting Person's continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date. The restricted stock units are 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.
F6 The reporting person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two 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.