Velchamy Sankarlingam - 08 Oct 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
08 Oct 2023
Net transactions value
-$2,146,242
Form type
4
Filing time
11 Oct 2023, 18:53:37 UTC
Previous filing
14 Sep 2023
Next filing
12 Dec 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 Options Exercise $0 +37,670 +65% $0.000000 95,976 08 Oct 2023 Direct
transaction ZM Class A Common Stock Tax liability $1,223,162 -19,122 -20% $63.97 76,854 08 Oct 2023 Direct F1, F2
transaction ZM Class A Common Stock Sale $923,081 -13,912 -18% $66.35 62,942 10 Oct 2023 Direct F3, F4
holding ZM Class A Common Stock 36,060 08 Oct 2023 Velchamy Family Trust
holding ZM Class A Common Stock 2,000 08 Oct 2023 By Harshini Velchamy
holding ZM Class A Common Stock 2,000 08 Oct 2023 By Janani Velchamy
holding ZM Class A Common Stock 2,000 08 Oct 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 Options Exercise $0 -6,327 -25% $0.000000 18,983 08 Oct 2023 Class A Common Stock 6,327 Direct F5, F6
transaction ZM Restricted Stock Units Options Exercise $0 -8,427 -33% $0.000000 16,855 08 Oct 2023 Class A Common Stock 8,427 Direct F5, F7
transaction ZM Restricted Stock Units Options Exercise $0 -22,916 -33% $0.000000 45,832 08 Oct 2023 Class A Common Stock 22,916 Direct F5, F8
holding ZM Restricted Stock Units 50,682 08 Oct 2023 Class A Common Stock 50,682 Direct F5, F9
holding ZM Restricted Stock Units 10,388 08 Oct 2023 Class A Common Stock 10,388 Direct F5, F10
holding ZM Restricted Stock Units 33,684 08 Oct 2023 Class A Common Stock 33,684 Direct F5, F11
* 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 Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.965 to $63.967. 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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.858 to $66.825. 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.
F5 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F6 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.
F7 The reporting person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years.
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.
F9 The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.
F10 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.
F11 The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years.