Peter P. Gassner - Jun 12, 2024 Form 4 Insider Report for Zoom Video Communications, Inc. (ZM)

Role
Director
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jun 12, 2024
Transactions value $
$0
Form type
4
Date filed
6/14/2024, 06:40 PM
Previous filing
Dec 13, 2023
Next filing
Jun 21, 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 +4.09K +95.23% $0.00 8.38K Jun 12, 2024 Direct

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 -4.09K -100% $0.00* 0 Jun 12, 2024 Class A Common Stock 4.09K Direct F1, F2
transaction ZM Restricted Stock Units Award $0 +4.36K $0.00 4.36K Jun 13, 2024 Class A Common Stock 4.36K Direct F1, F2
holding ZM Class B Common Stock 1.2M Jun 12, 2024 Class A Common Stock 1.2M $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F2 The reporting person received an award of restricted stock units, 100% of which will vest on the first anniversary date of the grant (or, if sooner, the day immediately preceding the next annual meeting that occurs following the grant date).
F3 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. Following the closing of the Issuer's IPO, each share of Class B Common Stock held by the Reporting Person will convert automatically 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. Following the closing of the IPO, 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 IPO.