Zoom Communications, Inc. — Director's Dealing 2021

Mar 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2021-03-05

Reporting Person: Steckelberg Kelly (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-05	Class A Common Stock	C	20000	—	Acquired	20000	Direct
2021-03-05	Class A Common Stock	S	300	$318.2367	Disposed	19700	Direct
2021-03-05	Class A Common Stock	S	500	$319.988	Disposed	19200	Direct
2021-03-05	Class A Common Stock	S	300	$320.8567	Disposed	18900	Direct
2021-03-05	Class A Common Stock	S	600	$321.915	Disposed	18300	Direct
2021-03-05	Class A Common Stock	S	700	$323.1114	Disposed	17600	Direct
2021-03-05	Class A Common Stock	S	664	$324.2873	Disposed	16936	Direct
2021-03-05	Class A Common Stock	S	300	$326.2367	Disposed	16636	Direct
2021-03-05	Class A Common Stock	S	200	$318.24	Disposed	16436	Direct
2021-03-05	Class A Common Stock	S	400	$329.315	Disposed	16036	Direct
2021-03-05	Class A Common Stock	S	563	$330.5256	Disposed	15473	Direct
2021-03-05	Class A Common Stock	S	800	$331.4763	Disposed	14673	Direct
2021-03-05	Class A Common Stock	S	800	$332.6713	Disposed	13873	Direct
2021-03-05	Class A Common Stock	S	400	$333.595	Disposed	13473	Direct
2021-03-05	Class A Common Stock	S	900	$334.8489	Disposed	12573	Direct
2021-03-05	Class A Common Stock	S	2437	$336.08	Disposed	10136	Direct
2021-03-05	Class A Common Stock	S	3849	$337.0082	Disposed	6287	Direct
2021-03-05	Class A Common Stock	S	1806	$337.8698	Disposed	4481	Direct
2021-03-05	Class A Common Stock	S	600	$338.8517	Disposed	3881	Direct
2021-03-05	Class A Common Stock	S	300	$340.3333	Disposed	3581	Direct
2021-03-05	Class A Common Stock	S	967	$341.63	Disposed	2614	Direct
2021-03-05	Class A Common Stock	S	630	$343.0094	Disposed	1984	Direct
2021-03-05	Class A Common Stock	S	1084	$344.3033	Disposed	900	Direct
2021-03-05	Class A Common Stock	S	400	$344.9625	Disposed	500	Direct
2021-03-05	Class A Common Stock	S	500	$346.2401	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-05	Employee Stock Option (right to buy)	$1.31	M	20000	Disposed	2028-01-06	Class B Common Stock (20000.0)	Direct
2021-03-05	Class B Common Stock	$0.0	M	20000	Acquired		Class A Common Stock (20000.0)	Direct
2021-03-05	Class B Common Stock	$0.0	C	20000	Disposed		Class A Common Stock (20000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1388	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 (450.0)	450	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 $317.94 to $318.50. 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 $319.45 to $320.43. 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.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.60 to $321.04. 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.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.61 to $322.50. 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 $322.73 to $323.65. 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 $323.80 to $324.74. 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 $325.87 to $326.68. 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.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $327.35 to $328.20. 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.

F10: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.87 to $329.67. 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 $329.90 to $330.79. 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.

F12: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.96 to $331.82. 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 $332.10 to $333.09. 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.

F14: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $333.19 to $334.00. 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.

F15: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $334.42 to $335.38. 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 $335.48 to $336.43. 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.

F17: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $336.49 to $337.46. 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 $337.52 to $338.49. 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.

F19: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $338.67 to $339.04. 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.

F20: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $340.03 to $340.83. 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 $341.05 to $341.99. 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.

F22: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $342.49 to $343.39. 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.

F23: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $343.70 to $344.69. 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 $344.87 to $345.01. 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.

F25: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $345.91 to $346.82. 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 shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.

F27: 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.

F28: 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.

F29: 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.

F30: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

F31: 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.