Velchamy Sankarlingam - 09 Mar 2024 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
09 Mar 2024
Net transactions value
-$349,385
Form type
4
Filing time
12 Mar 2024, 19:17:26 UTC
Previous filing
10 Jan 2024
Next filing
09 Apr 2024
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 +7,030 +10% $0.000000 77,091 09 Mar 2024 Direct
transaction ZM Class A Common Stock Tax liability $240,675 -3,582 -4.6% $67.19 73,509 09 Mar 2024 Direct F1
transaction ZM Class A Common Stock Sale $108,710 -1,553 -2.1% $70.00 71,956 12 Mar 2024 Direct F2
holding ZM Class A Common Stock 36,060 09 Mar 2024 Velchamy Family Trust
holding ZM Class A Common Stock 2,000 09 Mar 2024 By Harshini Velchamy
holding ZM Class A Common Stock 2,000 09 Mar 2024 By Janani Velchamy
holding ZM Class A Common Stock 2,000 09 Mar 2024 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 -4,223 -9.1% $0.000000 42,235 09 Mar 2024 Class A Common Stock 4,223 Direct F3, F4
transaction ZM Restricted Stock Units Options Exercise $0 -2,807 -9.1% $0.000000 28,070 09 Mar 2024 Class A Common Stock 2,807 Direct F3, F5
holding ZM Restricted Stock Units 12,655 09 Mar 2024 Class A Common Stock 12,655 Direct F3, F6
holding ZM Restricted Stock Units 8,428 09 Mar 2024 Class A Common Stock 8,428 Direct F3, F7
holding ZM Restricted Stock Units 10,388 09 Mar 2024 Class A Common Stock 10,388 Direct F3, F8
holding ZM Restricted Stock Units 22,916 09 Mar 2024 Class A Common Stock 22,916 Direct F3, F9
* 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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
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 on September 12, 2023, which will vest in equal quarterly installments over three years.
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, 100% of which will vest on the first anniversary date of the grant.
F9 The Reporting Person received an award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year.