Zoom Communications, Inc. — Director's Dealing 2021

Aug 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2021-08-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-03	Class A Common Stock	C	4080	—	Acquired	4080	Direct
2021-08-03	Class A Common Stock	C	11545	—	Acquired	15625	Direct
2021-08-03	Class A Common Stock	S	1527	$372.6112	Disposed	14098	Direct
2021-08-03	Class A Common Stock	S	2622	$373.5115	Disposed	11476	Direct
2021-08-03	Class A Common Stock	S	3017	$374.4193	Disposed	8459	Direct
2021-08-03	Class A Common Stock	S	3182	$375.5056	Disposed	5277	Direct
2021-08-03	Class A Common Stock	S	2816	$376.4161	Disposed	2461	Direct
2021-08-03	Class A Common Stock	S	477	$377.3988	Disposed	1984	Direct
2021-08-03	Class A Common Stock	S	141	$378.5957	Disposed	1843	Direct
2021-08-03	Class A Common Stock	S	345	$379.6057	Disposed	1498	Direct
2021-08-03	Class A Common Stock	S	376	$380.598	Disposed	1122	Direct
2021-08-03	Class A Common Stock	S	431	$381.628	Disposed	691	Direct
2021-08-03	Class A Common Stock	S	288	$382.7094	Disposed	403	Direct
2021-08-03	Class A Common Stock	S	323	$383.768	Disposed	80	Direct
2021-08-03	Class A Common Stock	S	80	$384.5664	Disposed	0	Direct
2021-08-03	Class A Common Stock	C	80529	—	Acquired	80529	Indirect
2021-08-03	Class A Common Stock	S	7875	$372.6104	Disposed	72654	Indirect
2021-08-03	Class A Common Stock	S	13604	$373.5112	Disposed	59050	Indirect
2021-08-03	Class A Common Stock	S	15590	$374.4198	Disposed	43460	Indirect
2021-08-03	Class A Common Stock	S	16422	$375.5051	Disposed	27038	Indirect
2021-08-03	Class A Common Stock	S	14540	$376.4163	Disposed	12498	Indirect
2021-08-03	Class A Common Stock	S	2139	$377.4073	Disposed	10359	Indirect
2021-08-03	Class A Common Stock	S	739	$378.5968	Disposed	9620	Indirect
2021-08-03	Class A Common Stock	S	1794	$379.6054	Disposed	7826	Indirect
2021-08-03	Class A Common Stock	S	1964	$380.5994	Disposed	5862	Indirect
2021-08-03	Class A Common Stock	S	2253	$381.6291	Disposed	3609	Indirect
2021-08-03	Class A Common Stock	S	1512	$382.7096	Disposed	2097	Indirect
2021-08-03	Class A Common Stock	S	1677	$383.7684	Disposed	420	Indirect
2021-08-03	Class A Common Stock	S	420	$384.5664	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-03	Employee Stock Option (right to buy)	$4.15	M	4080	Disposed	2023-09-24	Class B Common Stock (4080.0)	Direct
2021-08-03	Class B Common Stock	$	M	4080	Acquired		Class A Common Stock (4080.0)	Direct
2021-08-03	Class B Common Stock	$	C	4080	Disposed		Class A Common Stock (4080.0)	Direct
2021-08-03	Employee Stock Option (right to buy)	$3.77	M	11545	Disposed	2028-09-24	Class B Common Stock (11545.0)	Direct
2021-08-03	Class B Common Stock	$	M	11545	Acquired		Class A Common Stock (11545.0)	Direct
2021-08-03	Class B Common Stock	$	C	11545	Disposed		Class A Common Stock (11545.0)	Direct
2021-08-03	Class B Common Stock	$	C	80529	Disposed		Class A Common Stock (80529.0)	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 $372.01 to $373.00. 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.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.02 to $374.01. 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 $374.02 to $375.01. 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 $375.02 to $376.01. 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 $376.02 to $377.00. 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 $377.03 to $377.99. 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.

F8: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $378.04 to $379.00. 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.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $379.06 to $380.04. 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 $380.10 to $381.08. 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 $381.10 to $382.09. 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 $382.17 to $383.14. 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 $383.17 to $384.07. 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 $384.31 to $384.89. 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 shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.

F16: 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.

F17: 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.

F18: 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.