Zoom Communications, Inc. — Director's Dealing 2020

Mar 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2020-03-05

Reporting Person: SC US (TTGP), LTD. (10% Owner)
Reporting Person: LEONE DOUGLAS M (10% Owner)
Reporting Person: Abramson Michael Saul (10% Owner)
Reporting Person: SC Global Growth II Management, L.P. (10% Owner)
Reporting Person: SEQUOIA CAPITAL GLOBAL GROWTH FUND II, L.P. (10% Owner)
Reporting Person: SEQUOIA CAPITAL GLOBAL GROWTH II PRINCIPALS FUND, L.P. (10% Owner)
Reporting Person: SCGF V Management, L.P. (10% Owner)
Reporting Person: SEQUOIA CAPITAL U.S. GROWTH FUND V, L.P. (10% Owner)
Reporting Person: SC U.S. Growth VII Management, L.P. (10% Owner)
Reporting Person: SEQUOIA CAPITAL U.S. GROWTH FUND VII, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-05	Class A Common Stock	C	1294093	$0.00	Acquired	1294093	Indirect
2020-03-09	Class A Common Stock	C	1294093	$0.00	Acquired	1294093	Indirect
2020-03-05	Class A Common Stock	C	16041	$0.00	Acquired	16041	Indirect
2020-03-09	Class A Common Stock	C	16041	$0.00	Acquired	16041	Indirect
2020-03-05	Class A Common Stock	C	3763287	$0.00	Acquired	3763287	Indirect
2020-03-09	Class A Common Stock	C	3763287	$0.00	Acquired	3763287	Indirect
2020-03-05	Class A Common Stock	C	244900	$0.00	Acquired	244900	Indirect
2020-03-09	Class A Common Stock	C	244900	$0.00	Acquired	244900	Indirect
2020-03-05	Class A Common Stock	C	38908	$0.00	Acquired	38908	Indirect
2020-03-09	Class A Common Stock	C	38908	$0.00	Acquired	38908	Indirect
2020-03-05	Class A Common Stock	J	1294093	$0.00	Disposed	0	Indirect
2020-03-09	Class A Common Stock	J	1294093	$0.00	Disposed	0	Indirect
2020-03-05	Class A Common Stock	J	16041	$0.00	Disposed	0	Indirect
2020-03-09	Class A Common Stock	J	16041	$0.00	Disposed	0	Indirect
2020-03-05	Class A Common Stock	J	3763287	$0.00	Disposed	0	Indirect
2020-03-09	Class A Common Stock	J	3763287	$0.00	Disposed	0	Indirect
2020-03-05	Class A Common Stock	J	244900	$0.00	Disposed	0	Indirect
2020-03-09	Class A Common Stock	J	244900	$0.00	Disposed	0	Indirect
2020-03-05	Class A Common Stock	J	38908	$0.00	Disposed	0	Indirect
2020-03-09	Class A Common Stock	J	38908	$0.00	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-05	Class B Common Stock	$	C	1294093	Disposed		Class A Common Stock (1294093)	Indirect
2020-03-09	Class B Common Stock	$	C	1294093	Disposed		Class A Common Stock (1294093)	Indirect
2020-03-05	Class B Common Stock	$	C	16041	Disposed		Class A Common Stock (16041)	Indirect
2020-03-09	Class B Common Stock	$	C	16041	Disposed		Class A Common Stock (16041)	Indirect
2020-03-05	Class B Common Stock	$	C	3763287	Disposed		Class A Common Stock (3763287)	Indirect
2020-03-09	Class B Common Stock	$	C	3763287	Disposed		Class A Common Stock (3763287)	Indirect
2020-03-05	Class B Common Stock	$	C	244900	Disposed		Class A Common Stock (244900)	Indirect
2020-03-09	Class B Common Stock	$	C	244900	Disposed		Class A Common Stock (244900)	Indirect
2020-03-05	Class B Common Stock	$	C	38908	Disposed		Class A Common Stock (38908)	Indirect
2020-03-09	Class B Common Stock	$	C	38908	Disposed		Class A Common Stock (38908)	Indirect

Footnotes

F1: SC US (TTGP), Ltd. is the general partner 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. As a result, SC US (TTGP), Ltd. and SC Global Growth II Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by the SC GGFII Funds. In addition, the directors and stockholders of SC US (TTGP), Ltd. who exercise voting and investment discretion with respect to the SC GGFII Funds are Messrs. Douglas M. Leone and Michael Abramson. As a result, and by virtue of the relationships described in this footnote, each such person may be deemed to share voting and dispositive power with respect to the shares held by the SC GGFII Funds.

F2: (Continued from footnote 1) Each of Messrs. Douglas M. Leone and Michael Abramson, SC US (TTGP), Ltd. and SC Global Growth II Management, L.P. disclaims beneficial ownership of the securities held by the SC GGFII Funds except to the extent of their 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 for any other purposes.

F3: SC US (TTGP), Ltd. is the general partner 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. As a result, SC US (TTGP), Ltd. and SC U.S. Growth VII Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by the SC US GFVII Funds. Each of SC US (TTGP), Ltd. and SC U.S. Growth VII Management, L.P. disclaims beneficial ownership of the securities held by the SC US GFVII Funds except to the extent of its 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 for any other purposes.

F4: SC US (TTGP), Ltd. is the general partner 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. Each of SC US (TTGP), Ltd. and SCGF V Management, L.P. disclaims beneficial ownership of the securities held by Sequoia Capital U.S. Growth Fund V, LP. except to the extent of its 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 for any other purposes.

F5: Represents a pro rata distribution of Class A Common Stock of the Issuer to partners or members for no consideration and includes subsequent distributions by general partners or managing members to their respective partners or members.

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.