Eric S. Yuan - Nov 5, 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
Nov 5, 2024
Transactions value $
-$20,371,685
Form type
4
Date filed
11/7/2024, 07:44 PM
Previous filing
Oct 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Conversion of derivative security $0 +157K +724.54% $0.00 179K Nov 5, 2024 See footnote F1
transaction ZM Class A Common Stock Sale -$6M -78.5K -43.95% $76.45 100K Nov 5, 2024 See footnote F1, F2, F3
transaction ZM Class A Common Stock Sale -$7.65M -99K -98.92% $77.27 1.08K Nov 5, 2024 See footnote F1, F2, F4
transaction ZM Class A Common Stock Sale -$84K -1.08K -100% $77.83 0 Nov 5, 2024 See footnote F1, F2, F5
transaction ZM Class A Common Stock Conversion of derivative security $0 +83.3K $0.00 83.3K Nov 6, 2024 See footnote F1
transaction ZM Class A Common Stock Sale -$1.41M -17.8K -21.35% $78.98 65.5K Nov 6, 2024 See footnote F1, F2, F6
transaction ZM Class A Common Stock Sale -$5.23M -65.5K -100% $79.83 0 Nov 6, 2024 See footnote F1, F2, F7

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 Class B Common Stock Conversion of derivative security $0 -157K -0.7% $0.00 22.4M Nov 5, 2024 Class A Common Stock 157K See footnote F1, F8
transaction ZM Class B Common Stock Conversion of derivative security $0 -83.3K -0.37% $0.00 22.3M Nov 6, 2024 Class A Common Stock 83.3K See footnote F1, F8
holding ZM Restricted Stock Units 211K Nov 5, 2024 Class A Common Stock 211K Direct F9, F10
holding ZM Restricted Stock Units 268K Nov 5, 2024 Class A Common Stock 268K Direct F9, F11
* 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 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 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.82 to $76.815. 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.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.82 to $77.81. 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.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.82 to $77.84. 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.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.37 to $79.365. 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.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.38 to $80.32. 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.
F8 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.
F9 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F10 The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
F11 The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.