Zoom Communications, Inc. — Director's Dealing 2021

Jul 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2021-07-14

Reporting Person: Steckelberg Kelly (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-14	Class A Common Stock	C	6700	—	Acquired	6700	Direct
2021-07-14	Class A Common Stock	S	800	$361.8958	Disposed	5900	Direct
2021-07-14	Class A Common Stock	S	600	$363.7425	Disposed	5300	Direct
2021-07-14	Class A Common Stock	S	600	$364.4612	Disposed	4700	Direct
2021-07-14	Class A Common Stock	S	200	$365.3952	Disposed	4500	Direct
2021-07-14	Class A Common Stock	S	700	$367.5043	Disposed	3800	Direct
2021-07-14	Class A Common Stock	S	400	$368.4748	Disposed	3400	Direct
2021-07-14	Class A Common Stock	S	267	$369.9423	Disposed	3133	Direct
2021-07-14	Class A Common Stock	S	133	$371.1606	Disposed	3000	Direct
2021-07-14	Class A Common Stock	S	500	$372.7158	Disposed	2500	Direct
2021-07-14	Class A Common Stock	S	400	$373.8525	Disposed	2100	Direct
2021-07-14	Class A Common Stock	S	1000	$374.669	Disposed	1100	Direct
2021-07-14	Class A Common Stock	S	600	$375.99	Disposed	500	Direct
2021-07-14	Class A Common Stock	S	200	$376.795	Disposed	300	Direct
2021-07-14	Class A Common Stock	S	200	$379.095	Disposed	100	Direct
2021-07-14	Class A Common Stock	S	100	$380.80	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-14	Employee Stock Option (right to buy)	$1.31	M	6700	Disposed	2028-01-06	Class B Common Stock (6700.0)	Direct
2021-07-14	Class B Common Stock	$0.0	M	6700	Acquired		Class A Common Stock (6700.0)	Direct
2021-07-14	Class B Common Stock	$0.0	C	6700	Disposed		Class A Common Stock (6700.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2022	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$3.77	2028-09-24	Class B Common Stock (100000.0)	100000	Direct
Restricted Stock Units	$		Class A Common Stock (225.0)	225	Direct

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 $361.32 to $362.22. 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 $363.25 to $364.07. 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.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $364.28 to $364.84. 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.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.31 to $365.48. 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 $367.02 to $367.96. 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.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $368.14 to $368.91. 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 $369.53 to $370.52. 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 $370.60 to $371.39. 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 $372.25 to $372.94. 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 $373.27 to $374.20. 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 $374.33 to $375.12. 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 $375.53 to $376.49. 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.

F14: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $376.66 to $376.93. 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 $378.90 to $379.29. 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 shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.

F17: 1/4 of the shares subject to the option vested on November 6, 2018, and 1/48 of the shares vest monthly thereafter. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.

F18: 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.

F19: 1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.

F20: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

F21: The reporting person received an award of restricted stock units on June 8, 2020, 1/2 of which will vest on the first anniversary date of the grant, and 1/2 of which will vest on the second anniversary date of the grant.