Velchamy Sankarlingam - 12 Sep 2023 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Pres. of Engineering & Product
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
12 Sep 2023
Net transactions value
-$112,114
Form type
4
Filing time
14 Sep 2023, 18:06:03 UTC
Previous filing
12 Sep 2023
Next filing
11 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Sale $112,114 -1,586 -2.6% $70.69 58,306 12 Sep 2023 Direct F1
holding ZM Class A Common Stock 36,060 12 Sep 2023 Velchamy Family Trust
holding ZM Class A Common Stock 2,000 12 Sep 2023 By Harshini Velchamy
holding ZM Class A Common Stock 2,000 12 Sep 2023 By Janani Velchamy
holding ZM Class A Common Stock 2,000 12 Sep 2023 By Ashwini 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 Award $0 +33,684 $0.000000 33,684 12 Sep 2023 Class A Common Stock 33,684 Direct F2, F3
holding ZM Restricted Stock Units 25,310 12 Sep 2023 Class A Common Stock 25,310 Direct F2, F4
holding ZM Restricted Stock Units 10,388 12 Sep 2023 Class A Common Stock 10,388 Direct F2, F5
holding ZM Restricted Stock Units 50,682 12 Sep 2023 Class A Common Stock 50,682 Direct F2, F6
holding ZM Restricted Stock Units 68,748 12 Sep 2023 Class A Common Stock 68,748 Direct F2, F7
holding ZM Restricted Stock Units 25,282 12 Sep 2023 Class A Common Stock 25,282 Direct F2, F8
* 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 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 on September 12, 2023, which will vest in equal quarterly installments over three years.
F4 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.
F5 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.
F6 The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
F7 The Reporting Person received an award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year.
F8 The reporting person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years.