Zoom Communications, Inc. — Director's Dealing 2023

Jul 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2023-07-08

Reporting Person: Steckelberg Kelly (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-08	Class A Common Stock	M	18576	—	Acquired	59787	Indirect
2023-07-08	Class A Common Stock	F	7957	$64.6728	Disposed	51830	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-11	Restricted Stock Units	$	A	175695	Acquired		Class A Common Stock (175695)	Direct
2023-07-08	Restricted Stock Units	$	M	18576	Disposed		Class A Common Stock (18576)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (10388)	10388	Direct
Employee Stock Option (right to buy)	$3.77	2028-09-24	Class B Common Stock (100000)	100000	Direct
Employee Stock Option (right to buy)	$1.31	2028-01-06	Class B Common Stock (664628)	664628	Direct

Footnotes

F1: The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.

F2: Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.

F3: Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

F4: The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years, beginning on October 8, 2023.

F5: The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.

F6: 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.

F7: 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.

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: 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.