Zoom Communications, Inc. — Director's Dealing 2023

Nov 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2023-11-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-01	Class A Common Stock	C	11208	—	Acquired	11208	Direct
2023-11-01	Class A Common Stock	S	11208	$59.8725	Disposed	0	Direct
2023-11-01	Class A Common Stock	S	2421	$59.5737	Disposed	89533	Indirect
2023-11-02	Class A Common Stock	C	11207	—	Acquired	11207	Direct
2023-11-02	Class A Common Stock	S	11207	$61.2285	Disposed	0	Direct
2023-11-02	Class A Common Stock	S	2421	$60.9553	Disposed	87112	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-01	Employee Stock Option (right to buy)	$3.77	M	11208	Disposed	2028-09-24	Class B Common Stock (11208)	Direct
2023-11-01	Class B Common Stock	$	M	11208	Acquired		Class A Common Stock (11208)	Direct
2023-11-01	Class B Common Stock	$	C	11208	Disposed		Class A Common Stock (11208)	Direct
2023-11-02	Employee Stock Option (right to buy)	$3.77	M	11207	Disposed	2028-09-24	Class B Common Stock (11207)	Direct
2023-11-02	Class B Common Stock	$	M	11207	Acquired		Class A Common Stock (11207)	Direct
2023-11-02	Class B Common Stock	$	C	11207	Disposed		Class A Common Stock (11207)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (421094)	421094	Direct
Restricted Stock Units	$		Class A Common Stock (13851)	13851	Direct
Restricted Stock Units	$		Class A Common Stock (331899)	331899	Direct
Class B Common Stock	$		Class A Common Stock (22527492)	22527492	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 $59.65 to $60.12. 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.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.365 to $59.65. 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.

F4: 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.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.07 to $61.68. 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 $60.68 to $61.07. 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.

F7: This option is fully vested.

F8: 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.

F9: Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

F10: The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.

F11: The reporting person received an award of restricted stock units on April 6, 2023, 100% of which will vest on the first anniversary date of the grant.

F12: The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.