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: Bawa Aparna (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-08	Class A Common Stock	M	25008	—	Acquired	26986	Indirect
2023-07-08	Class A Common Stock	F	12593	$64.6723	Disposed	14393	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-11	Restricted Stock Units	$	A	113148	Acquired		Class A Common Stock (113148)	Direct
2023-07-08	Restricted Stock Units	$	M	4469	Disposed		Class A Common Stock (4469)	Direct
2023-07-08	Restricted Stock Units	$	M	11963	Disposed		Class A Common Stock (11963)	Direct
2023-07-08	Restricted Stock Units	$	M	4858	Disposed		Class A Common Stock (4858)	Direct
2023-07-08	Restricted Stock Units	$	M	3718	Disposed		Class A Common Stock (3718)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (10388)	10388	Direct
Restricted Stock Units	$		Class A Common Stock (8553)	8553	Direct

Footnotes

F1: The shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees.

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

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.6713 to $64.6738. 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: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

F5: 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

F6: The Reporting Person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years.

F7: The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.

F8: The Reporting Person received an award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year.

F9: The Reporting Person received a second award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year.

F10: 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.

F11: On July 23, 2020, the Compensation Committee approved an award of restricted stock units to be granted to the Reporting Person, effective September 4, 2020 (the "RSU"). The number of shares of the Issuer's Class A Common Stock issuable under the RSU was determined by dividing $7,000,000 by the average closing price of the Issuer's Class A Common Stock over the sixty (60) day trading period ending seven days prior to the September 4, 2020 grant date and rounding up to the nearest whole share. The RSU vests as to 1/4th of the shares subject to the RSU on the one-year anniversary of the grant date, with1/12 of the remaining shares vesting in equal quarterly installments over the next three years subject to the Reporting Person's continuous service as of such vesting dates. The RSU is subject to accelerated vesting in the event of termination of employment by the Reporting Person under certain circumstances in connection with a change in control of the Issuer.