Aparna Bawa - Jun 4, 2024 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jun 4, 2024
Transactions value $
-$53,996
Form type
4
Date filed
6/6/2024, 08:38 PM
Previous filing
Jun 10, 2024
Next filing
Jun 20, 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 +1.71K +86.45% $0.00 3.69K Jun 4, 2024 See footnote F1
transaction ZM Class A Common Stock Sale -$54K -874 -23.7% $61.78 2.81K Jun 4, 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 -1.71K -49.99% $0.00 1.71K Jun 4, 2024 Class A Common Stock 1.71K Direct F3, F4
holding ZM Restricted Stock Units 84.9K Jun 4, 2024 Class A Common Stock 84.9K Direct F3, F5
holding ZM Restricted Stock Units 108K Jun 4, 2024 Class A Common Stock 108K Direct F3, F6
* 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 Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees.
F2 This sale was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade 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 On July 23, 2020, the Compensation Committee approved an award of restricted stock units to be granted to the Reporting Person, effective September 4, 2020 (the "RSU"). The number of shares of the Issuer's Class A Common Stock issuable under the RSU was determined by dividing $7,000,000 by the average closing price of the Issuer's Class A Common Stock over the sixty (60) day trading period ending seven days prior to the September 4, 2020 grant date and rounding up to the nearest whole share. The RSU vests as to 1/4th of the shares subject to the RSU on the one-year anniversary of the grant date, with1/12 of the remaining shares vesting in equal quarterly installments over the next three years subject to the Reporting Person's continuous service as of such vesting dates. The RSU is 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.
F5 The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
F6 The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.