Filing Details

Accession Number:
0001585521-24-000160
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-07-10 20:53:46
Reporting Period:
2024-07-08
Accepted Time:
2024-07-10 20:53:46
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 2024-07-08 21,392 $0.00 23,370 No 4 M Indirect See footnote
Class A Common Stock Disposition 2024-07-09 11,060 $57.15 12,310 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M 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 2024-07-08 11,963 $0.00 11,963 $0.00
Class A Common Stock Restricted Stock Units Disposition 2024-07-08 9,429 $0.00 9,429 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
95,703 No 4 M Direct
75,432 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 1,711 1,711 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
1,711 1,711 Direct
Footnotes
  1. 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.
  2. This sale was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
  3. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
  4. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
  5. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
  6. 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.