Shane Crehan - 05 Apr 2024 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Chief Accounting Officer
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Issuer symbol
ZM
Transactions as of
05 Apr 2024
Net transactions value
-$521,457
Form type
4
Filing time
09 Apr 2024, 20:31:31 UTC
Previous filing
12 Mar 2024
Next filing
11 Jun 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 +4,861 $0.000000 4,861 05 Apr 2024 Direct
transaction ZM Class A Common Stock Tax liability $109,848 -1,768 -36% $62.13 3,093 05 Apr 2024 Direct F1, F2
transaction ZM Class A Common Stock Options Exercise $0 +3,463 +112% $0.000000 6,556 06 Apr 2024 Direct
transaction ZM Class A Common Stock Tax liability $90,525 -1,457 -22% $62.13 5,099 06 Apr 2024 Direct F1
transaction ZM Class A Common Stock Sale $321,084 -5,099 -100% $62.97 0 09 Apr 2024 Direct F3

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 -691 -33% $0.000000 1,381 05 Apr 2024 Class A Common Stock 691 Direct F4, F5
transaction ZM Restricted Stock Units Options Exercise $0 -186 -33% $0.000000 372 05 Apr 2024 Class A Common Stock 186 Direct F4, F6
transaction ZM Restricted Stock Units Options Exercise $0 -3,984 -33% $0.000000 7,968 05 Apr 2024 Class A Common Stock 3,984 Direct F4, F7
transaction ZM Restricted Stock Units Options Exercise $0 -3,463 -100% $0.000000* 0 06 Apr 2024 Class A Common Stock 3,463 Direct F4, F8
holding ZM Restricted Stock Units 18,100 05 Apr 2024 Class A Common Stock 18,100 Direct F4, F9
holding ZM Restricted Stock Units 12,030 05 Apr 2024 Class A Common Stock 12,030 Direct F4, F10
* 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 $62.13 to $62.131. 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 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F5 The Reporting Person received an award of restricted stock units, 1/4 of which will vest on October 5, 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 October 8, 2021, 1/12 of which vests on January 5, 2022 and the remaining units vesting in equal quarterly installments over the next 11 quarters subject to the Reporting Person's continuous service as of such vesting date. The restricted stock units are subject to accelerated vesting in the event of termination of employment by theReporting 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 October 7, 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 September 9, 2022, 1/4 of which will vest on the anniversary date of the award. The remaining units will vest in equal quarterlyinstallments thereafter.
F10 The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years.