Adrian McDermott - 04 Nov 2022 Form 4 Insider Report for Zendesk, Inc.

Role: Chief Technology Officer
Signature: /s/ Albert Yeh via Power-of-Attorney for Adrian McDermott
Issuer symbol: N/A
Transactions as of: 04 Nov 2022
Net transactions value: -$61,277
Form type: 4
Filing time: 08 Nov 2022, 18:01:43 UTC
Previous filing: 18 Oct 2022
Next filing: 25 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZEN	Common Stock	Options Exercise		+504	+0.52%		96,514	04 Nov 2022	Direct	F1
transaction	ZEN	Common Stock	Tax liability	$19,078	-250	-0.26%	$76.31	96,264	04 Nov 2022	Direct	F2
transaction	ZEN	Common Stock	Options Exercise		+408	+0.42%		96,672	04 Nov 2022	Direct	F1
transaction	ZEN	Common Stock	Tax liability	$15,491	-203	-0.21%	$76.31	96,469	04 Nov 2022	Direct	F2
transaction	ZEN	Common Stock	Options Exercise		+295	+0.31%		96,764	04 Nov 2022	Direct	F1
transaction	ZEN	Common Stock	Tax liability	$11,218	-147	-0.15%	$76.31	96,617	04 Nov 2022	Direct	F2
transaction	ZEN	Common Stock	Options Exercise		+408	+0.42%		97,025	04 Nov 2022	Direct	F1
transaction	ZEN	Common Stock	Tax liability	$15,491	-203	-0.21%	$76.31	96,822	04 Nov 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ZEN	Restricted Stock Unit	Options Exercise	$0	-504	-33%	$0.000000	1,009	04 Nov 2022	Common Stock	504		Direct	F1, F3, F4
transaction	ZEN	Restricted Stock Unit	Options Exercise	$0	-408	-6.3%	$0.000000	6,117	04 Nov 2022	Common Stock	408		Direct	F1, F4, F5
transaction	ZEN	Restricted Stock Unit	Options Exercise	$0	-295	-3.6%	$0.000000	7,970	04 Nov 2022	Common Stock	295		Direct	F1, F4, F6
transaction	ZEN	Restricted Stock Unit	Options Exercise	$0	-408	-2.5%	$0.000000	15,934	04 Nov 2022	Common Stock	408		Direct	F1, F4, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	Represents the number of shares withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of the restricted stock units listed in Table II. Such withholding is mandated by an election of the Issuer made in advance and does not represent a discretionary trade by the Reporting Person.
F3	1/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of January 15, 2019, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.
F4	Shares issuable pursuant to restricted stock units (RSUs) originally scheduled to vest on November 15, 2022, but which vesting was accelerated to November 4, 2022, in order to facilitate the settlement of taxes due upon vesting of such RSUs, in advance of the closing of the acquisition of the Issuer by an investor group led by Permira Advisers LLC and Hellman & Friedman LLC.
F5	1/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of February 15, 2020, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.
F6	1/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of February 15, 2021, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.
F7	1/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of February 15, 2022, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.