Eric S. Yuan - Apr 6, 2024 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Chief Executive Officer, Director
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Apr 6, 2024
Transactions value $
-$2,635,046
Form type
4
Date filed
4/9/2024, 08:26 PM
Previous filing
Mar 6, 2024
Next filing
Apr 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Options Exercise $0 +13.9K +16.74% $0.00 96.6K Apr 6, 2024 See footnote F1
transaction ZM Class A Common Stock Tax liability -$442K -7.11K -7.36% $62.13 89.5K Apr 6, 2024 See footnote F1, F2
transaction ZM Class A Common Stock Options Exercise $0 +68.5K +76.5% $0.00 158K Apr 8, 2024 See footnote F1
transaction ZM Class A Common Stock Tax liability -$2.19M -34.8K -22.05% $62.97 123K Apr 8, 2024 See footnote F1, F2

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 -13.9K -100% $0.00* 0 Apr 6, 2024 Class A Common Stock 13.9K Direct F3, F4
transaction ZM Restricted Stock Units Options Exercise $0 -38.3K -10% $0.00 345K Apr 8, 2024 Class A Common Stock 38.3K Direct F3, F5
transaction ZM Restricted Stock Units Options Exercise $0 -30.2K -10% $0.00 272K Apr 8, 2024 Class A Common Stock 30.2K Direct F3, F6
holding ZM Class B Common Stock 22.5M Apr 6, 2024 Class A Common Stock 22.5M See footnote F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
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 April 6, 2023, 100% of which will vest on the first anniversary date of the grant.
F5 The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
F6 The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
F7 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.