Velchamy Sankarlingam - 06 Apr 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
06 Apr 2024
Net transactions value
-$1,777,203
Form type
4
Filing time
09 Apr 2024, 20:33:59 UTC
Previous filing
12 Mar 2024
Next filing
12 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 +10,388 +14% $0.000000 82,344 06 Apr 2024 Direct
transaction ZM Class A Common Stock Tax liability $331,412 -5,334 -6.5% $62.13 77,010 06 Apr 2024 Direct F1
transaction ZM Class A Common Stock Options Exercise $0 +37,671 +49% $0.000000 114,681 08 Apr 2024 Direct
transaction ZM Class A Common Stock Tax liability $1,207,072 -19,169 -17% $62.97 95,512 08 Apr 2024 Direct F1
transaction ZM Class A Common Stock Sale $238,719 -3,791 -4% $62.97 91,721 09 Apr 2024 Direct F2
holding ZM Class A Common Stock 36,060 06 Apr 2024 Velchamy Family Trust
holding ZM Class A Common Stock 2,000 06 Apr 2024 By Harshini Velchamy
holding ZM Class A Common Stock 2,000 06 Apr 2024 By Ashwini Velchamy
holding ZM Class A Common Stock 2,000 06 Apr 2024 By Janani 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 -10,388 -100% $0.000000* 0 06 Apr 2024 Class A Common Stock 10,388 Direct F3, F4
transaction ZM Restricted Stock Units Options Exercise $0 -22,916 -100% $0.000000* 0 08 Apr 2024 Class A Common Stock 22,916 Direct F3, F5
transaction ZM Restricted Stock Units Options Exercise $0 -8,428 -100% $0.000000* 0 08 Apr 2024 Class A Common Stock 8,428 Direct F3, F6
transaction ZM Restricted Stock Units Options Exercise $0 -6,327 -50% $0.000000 6,328 08 Apr 2024 Class A Common Stock 6,327 Direct F3, F7
transaction ZM Restricted Stock Units Award $0 +332,026 $0.000000 332,026 09 Apr 2024 Class A Common Stock 332,026 Direct F3, F8
holding ZM Restricted Stock Units 28,070 06 Apr 2024 Class A Common Stock 28,070 Direct F3, F9
holding ZM Restricted Stock Units 42,235 06 Apr 2024 Class A Common Stock 42,235 Direct F3, 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 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 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 April 6, 2023, which will vest in equal quarterly installments over one year.
F6 The reporting person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years.
F7 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.
F8 The Reporting Person received an award of restricted stock units which vest quarterly in 16 equal installments beginning on July 9, 2024.
F9 The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years.
F10 The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.