Filing Details
- Accession Number:
- 0001585521-23-000043
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-07 17:14:47
- Reporting Period:
- 2023-03-04
- Accepted Time:
- 2023-03-07 17:14:47
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1585521 | Zoom Video Communications Inc. | ZM | Services-Computer Programming, Data Processing, Etc. (7370) | 611648780 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1773301 | Aparna Bawa | C/O Zoom Video Communications, Inc. 55 Almaden Boulevard, 6Th Floor San Jose CA 95113 | Chief Operating Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2023-03-04 | 1,710 | $0.00 | 78,487 | No | 4 | M | Indirect | See footnote |
| Class A Common Stock | Disposition | 2023-03-04 | 848 | $71.23 | 77,639 | No | 4 | F | Indirect | See footnote |
| Class A Common Stock | Disposition | 2023-03-06 | 4,616 | $71.35 | 73,023 | No | 4 | S | Indirect | See footnote |
| Class A Common Stock | Disposition | 2023-03-06 | 2,384 | $72.52 | 70,639 | No | 4 | S | Indirect | See footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | See footnote |
| No | 4 | F | Indirect | See footnote |
| No | 4 | S | Indirect | See footnote |
| No | 4 | S | Indirect | See footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | Disposition | 2023-03-04 | 1,710 | $0.00 | 1,710 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,263 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | $0.00 | 6,315 | 6,315 | Direct | ||
| Class A Common Stock | Restricted Stock Units | $0.00 | 167,481 | 167,481 | Direct | ||
| Class A Common Stock | Restricted Stock Units | $0.00 | 22,346 | 22,346 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 6,315 | 6,315 | Direct | |
| 167,481 | 167,481 | Direct | |
| 22,346 | 22,346 | Direct |
Footnotes
- 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.
- Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.94 to $71.92. 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 $71.99 to 72.95. 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.
- Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- 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.
- The reporting person received an award of restricted stock units on April 8, 2022, 100% of which will vest on the first anniversary date of the grant.
- The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
- The Reporting Person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years.
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