Velchamy Sankarlingam - 09 Jun 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 Jun 2024
Net transactions value
-$321,724
Form type
4
Filing time
11 Jun 2024, 19:49:32 UTC
Previous filing
12 Apr 2024
Next filing
10 Jul 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 +7,031 +9% $0.000000 84,876 09 Jun 2024 Direct
transaction ZM Class A Common Stock Sale $224,027 -3,589 -4.2% $62.42 81,287 09 Jun 2024 Direct F1
transaction ZM Class A Common Stock Sale $97,697 -1,551 -1.9% $62.99 79,736 11 Jun 2024 Direct F2
holding ZM Class A Common Stock 36,060 09 Jun 2024 Velchamy Family Trust
holding ZM Class A Common Stock 2,000 09 Jun 2024 By Harshini Velchamy
holding ZM Class A Common Stock 2,000 09 Jun 2024 By Ashwini Velchamy
holding ZM Class A Common Stock 2,000 09 Jun 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 -4,224 -10% $0.000000 38,011 09 Jun 2024 Class A Common Stock 4,224 Direct F3, F4
transaction ZM Restricted Stock Units Options Exercise $0 -2,807 -10% $0.000000 25,263 09 Jun 2024 Class A Common Stock 2,807 Direct F3, F5
holding ZM Restricted Stock Units 6,328 09 Jun 2024 Class A Common Stock 6,328 Direct F3, F6
holding ZM Restricted Stock Units 332,026 09 Jun 2024 Class A Common Stock 332,026 Direct F3, F7
* 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 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.
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 which vest quarterly in 16 equal installments beginning on July 9, 2024.