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Filing Details

Accession Number:: 0001585521-20-000188
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-06-22 18:38:21
Reporting Period:: 2020-06-18

Accepted Time:: 2020-06-22 18:38:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1585521	Zoom Video Communications Inc.	ZM	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1364713	Kelly Steckelberg	C/O Zoom Video Communications, Inc. 55 Almaden Boulevard, 6Th Floor San Jose CA 95113	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2020-06-18	5,982	$0.00	12,454	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2020-06-18	5,165	$239.86	7,289	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-06-18	4,200	$240.68	3,089	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-06-18	1,600	$241.86	1,489	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-06-18	101	$242.48	1,388	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2020-06-18	5,982	$0.00	5,982	$1.31
Class A Common Stock	Class B Common Stock	Acquisiton	2020-06-18	5,982	$0.00	5,982	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2020-06-18	5,982	$0.00	5,982	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
978,398	2028-01-06	No	4	M	Direct
5,982		No	4	M	Direct
0		No	4	C	Direct

Footnotes

Includes 694 shares of Class A Common Stock purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2019 to June 12, 2020. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on April 17, 2019.
The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.21 to $240.21. 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.25 to $241.22. 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.45 to $242.38. 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $242.48 to $242.55. 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.
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.
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.