Zoom Communications, Inc. — Director's Dealing 2020

Dec 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2020-12-23

Reporting Person: Eschenbach Carl M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-23	Class A Common Stock	C	647046	$0.00	Acquired	647046	Indirect
2020-12-23	Class A Common Stock	C	8019	$0.00	Acquired	8019	Indirect
2020-12-23	Class A Common Stock	C	1881644	$0.00	Acquired	1881644	Indirect
2020-12-23	Class A Common Stock	C	122449	$0.00	Acquired	122449	Indirect
2020-12-23	Class A Common Stock	C	19452	$0.00	Acquired	19452	Indirect
2020-12-23	Class A Common Stock	J	647046	$0.00	Disposed	0	Indirect
2020-12-23	Class A Common Stock	J	8019	$0.00	Disposed	0	Indirect
2020-12-23	Class A Common Stock	J	1881644	$0.00	Disposed	0	Indirect
2020-12-23	Class A Common Stock	J	122449	$0.00	Disposed	0	Indirect
2020-12-23	Class A Common Stock	J	19452	$0.00	Disposed	0	Indirect
2020-12-23	Class A Common Stock	J	84122	$0.00	Acquired	149603	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-23	Class B Common Stock	$	C	647046	Disposed		Class A Common Stock (647046)	Indirect
2020-12-23	Class B Common Stock	$	C	8019	Disposed		Class A Common Stock (8019)	Indirect
2020-12-23	Class B Common Stock	$	C	1881644	Disposed		Class A Common Stock (1881644)	Indirect
2020-12-23	Class B Common Stock	$	C	122449	Disposed		Class A Common Stock (122449)	Indirect
2020-12-23	Class B Common Stock	$	C	19452	Disposed		Class A Common Stock (19452)	Indirect

Footnotes

F1: The Reporting Person is a non-managing member of SC Global Growth II Management, L.P., which is the general partner of each of Sequoia Capital Global Growth Fund II, L.P. and Sequoia Capital Global Growth II Principals Fund, L.P. or collectively, the SC GGFII Funds. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose.

F2: The Reporting Person is a managing member of SC U.S. Growth VII Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VII, LP and Sequoia Capital U.S. Growth VII Principals Fund, LP or collectively, the SC US GFVII Funds. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose.

F3: The Reporting Person is a non-managing member of SCGF V Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund V, LP. As a result, SC US (TTGP), Ltd. and SCGF V Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by Sequoia Capital U.S. Growth Fund V, LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose.

F4: Represents a pro rata in-kind distribution of Class A Common Stock of the Issuer to partners or members for no additional consideration and includes subsequent distributions by general partners or managing members to their respective partners or members.

F5: Represents the receipt of shares of Class A Common Stock of the Issuer by virtue of the pro rata in-kind distributions described in footnote (4) above.

F6: 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.