Zoom Communications, Inc. — Director's Dealing 2019

Apr 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2019-04-23

Reporting Person: Emergence Capital Partners III, L.P. (10% Owner)
Reporting Person: Emergence Equity Partners III, L.P. (10% Owner)
Reporting Person: EZP Opportunity, L.P. (10% Owner)
Reporting Person: EMERGENCE GP PARTNERS, LLC (10% Owner)
Reporting Person: Red Porphyry, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-23	Class A Common Stock	C	622082	$0.00	Acquired	622082	Indirect
2019-04-23	Class A Common Stock	S	622082	$34.20	Disposed	0	Indirect
2019-04-23	Class A Common Stock	C	75777	$0.00	Acquired	75777	Indirect
2019-04-23	Class A Common Stock	S	75777	$34.20	Disposed	0	Indirect
2019-04-23	Class A Common Stock	C	214167	$0.00	Acquired	214167	Indirect
2019-04-23	Class A Common Stock	S	214167	$34.20	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-23	Series A Convertible Preferred Stock	$	C	4000000	Disposed		Class B Common Stock (4000000)	Indirect
2019-04-23	Series C Convertible Preferred Stock	$	C	22908848	Disposed		Class B Common Stock (22908848)	Indirect
2019-04-23	Class B Common Stock	$	C	26908848	Acquired		Class A Common Stock (26908848)	Indirect
2019-04-23	Class B Common Stock	$	C	622082	Disposed		Class A Common Stock (622082)	Indirect
2019-04-23	Series A Convertible Preferred Stock	$	C	324744	Disposed		Class B Common Stock (324744)	Indirect
2019-04-23	Series D Convertible Preferred Stock	$	C	2850724	Disposed		Class B Common Stock (2850724)	Indirect
2019-04-23	Class B Common Stock	$	C	3175468	Acquired		Class A Common Stock (3175468)	Indirect
2019-04-23	Class B Common Stock	$	C	75777	Disposed		Class A Common Stock (75777)	Indirect
2019-04-23	Series A Convertible Preferred Stock	$	C	98896	Disposed		Class B Common Stock (98896)	Indirect
2019-04-23	Class B Common Stock	$	C	98896	Acquired		Class A Common Stock (98896)	Indirect
2019-04-23	Class B Common Stock	$	C	214167	Disposed		Class A Common Stock (214167)	Indirect

Footnotes

F1: Each share of Class B Common Stock is convertible at the option of the Reporting Person into one (1) share of Class A Common Stock, and has no expiration date. Each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon certain events specified in the Issuer's certificate of incorporation. In connection with the sale of the Class A Common Stock by certain Reporting Persons as reported above, each share of Class B Common Stock converted into Shares held directly by Emergence Capital Partners III, L.P. one (1) share of Class A Common Stock.

F2: Shares held directly by Emergence Capital Partners III, L.P. ("Emergence"). The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). Each of the Reporting Persons on this filing (other than Emergence) disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.

F3: The Reporting Persons sold shares to the underwriters in connection with the closing of the Issuer's initial public offering. The reported sale price reflects the price at which the Reporting Persons sold shares to the underwriters, which is net of underwriting commissions.

F4: Shares held directly by EZP Opportunity, L.P. ("EZP"). The sole general partner of EZP is EEP III. Each of the Reporting Persons on this filing (other than EZP) disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.

F5: Shares held directly by Red Porphyry, LLC ("Red Porphyry"). Red Porphyry is filing this report solely by virtue of having appointed Emergence as its proxy with respect to the shares held directly by Red Porphyry. Such proxy is irrevocable until the earliest to occur of the six-month anniversary of the IPO (as defined below), the sale of all or substantially all assets of the Issuer, or certain mergers involving the Issuer. Each of the Reporting Persons on this filing (other than Red Porphyry) disclaims Section 16 beneficial ownership of the shares held by Red Porphyry, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.

F6: Each share of convertible preferred stock automatically converted into one (1) share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and had no expiration date.