Zoom Communications, Inc. — Director's Dealing 2020

Sep 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2020-09-23

Reporting Person: Yuan Eric S. (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-23	Class A Common Stock	C	70143	—	Acquired	70143	Direct
2020-09-23	Class A Common Stock	S	600	$485.1333	Disposed	69543	Direct
2020-09-23	Class A Common Stock	S	300	$486.9883	Disposed	69243	Direct
2020-09-23	Class A Common Stock	S	100	$488.012	Disposed	69143	Direct
2020-09-23	Class A Common Stock	S	100	$489.662	Disposed	69043	Direct
2020-09-23	Class A Common Stock	S	100	$492.9655	Disposed	68943	Direct
2020-09-23	Class A Common Stock	S	100	$494.41	Disposed	68843	Direct
2020-09-23	Class A Common Stock	S	2003	$497.0266	Disposed	66840	Direct
2020-09-23	Class A Common Stock	S	1026	$498.0418	Disposed	65814	Direct
2020-09-23	Class A Common Stock	S	1500	$499.2655	Disposed	64314	Direct
2020-09-23	Class A Common Stock	S	1739	$500.325	Disposed	62575	Direct
2020-09-23	Class A Common Stock	S	1800	$501.1882	Disposed	60775	Direct
2020-09-23	Class A Common Stock	S	1200	$502.5162	Disposed	59575	Direct
2020-09-23	Class A Common Stock	S	1900	$503.3109	Disposed	57675	Direct
2020-09-23	Class A Common Stock	S	2802	$504.2106	Disposed	54873	Direct
2020-09-23	Class A Common Stock	S	1963	$505.5375	Disposed	52910	Direct
2020-09-23	Class A Common Stock	S	894	$506.3328	Disposed	52016	Direct
2020-09-23	Class A Common Stock	S	1962	$507.6676	Disposed	50054	Direct
2020-09-23	Class A Common Stock	S	1891	$508.5921	Disposed	48163	Direct
2020-09-23	Class A Common Stock	S	1303	$509.6195	Disposed	46860	Direct
2020-09-23	Class A Common Stock	S	2273	$510.5543	Disposed	44587	Direct
2020-09-23	Class A Common Stock	S	1781	$511.7803	Disposed	42806	Direct
2020-09-23	Class A Common Stock	S	557	$512.9238	Disposed	42249	Direct
2020-09-23	Class A Common Stock	S	1200	$514.2292	Disposed	41049	Direct
2020-09-23	Class A Common Stock	S	1520	$514.9484	Disposed	39529	Direct
2020-09-23	Class A Common Stock	S	1448	$516.0347	Disposed	38081	Direct
2020-09-23	Class A Common Stock	S	1552	$517.281	Disposed	36529	Direct
2020-09-23	Class A Common Stock	S	2900	$518.2329	Disposed	33629	Direct
2020-09-23	Class A Common Stock	S	3060	$519.3066	Disposed	30569	Direct
2020-09-23	Class A Common Stock	S	7887	$520.3193	Disposed	22682	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-23	Class B Common Stock	$	C	70143	Disposed		Class A Common Stock (70143.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$3.77	2028-09-24	Class B Common Stock (367415.0)	367415	Direct
Employee Stock Option (right to buy)	$4.15	2023-09-24	Class B Common Stock (132585.0)	132585	Direct
Class B Common Stock	$		Class A Common Stock (9108250.0)	9108250	Indirect
Class B Common Stock	$		Class A Common Stock (9108250.0)	9108250	Indirect
Class B Common Stock	$		Class A Common Stock (1783500.0)	1783500	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $485.00 to $485.71. 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.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $486.86 to $487.21. 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 $487.74 to $488.10. 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 $489.65 to $489.68 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 $492.85 to $493.00. 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 $496.44 to $497.43. 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: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $497.50 to $498.49. 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.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $498.92 to $499.90. 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.

F10: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $500.00 to $500.84. 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.

F11: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $501.00 to $501.73. 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.

F12: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $502.00 to $502.99. 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.

F13: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $503.00 to $503.86. 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.

F14: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $504.00 to $504.79. 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.

F15: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $505.00 to $505.96. 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.

F16: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.00 to $506.99. 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.

F17: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $507.06 to $508.05. 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.

F18: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $508.07 to $509.06. 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.

F19: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $509.10 to $510.10. 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.

F20: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $510.11 to $511.03. 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.

F21: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.21 to $512.18. 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.

F22: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.25 to $513.21. 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.

F23: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.61 to $514.59. 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.

F24: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $514.62 to $515.58. 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.

F25: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $515.73 to $516.73. 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.

F26: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $516.75 to $517.73. 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.

F27: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $517.80 to $518.76. 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.

F28: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $518.81 to $519.78. 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.

F29: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $519.84 to $520.84. 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.

F30: 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.

F31: The shares subject to the option vest in monthly installments as follows: approximately 1,577 shares vested on October 24, 2018 and approximately 1,577 vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 8,207 shares vested on January 24, 2019 and approximately 8,207 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 7,472 shares vest on the 24th day of each month thereafter through and including September 24, 2022. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.

F32: The shares subject to the option vest in monthly installments as follows: approximately 8,840 shares vested on October 24, 2018 and approximately 8,840 shares vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 2,210 shares vested on January 24, 2019 and approximately 2,210 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 2,945 shares vest on the 24th day of each month thereafter through and including September 24, 2022.

F33: The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the Hongyu Zhang 2019 Grantor Retained Annuity Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.

F34: The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the Zheng Yuan 2019 Grantor Retained Annuity Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.

F35: The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.