Eric S. Yuan - Jan 8, 2025 Form 4 Insider Report for Zoom Communications, Inc. (ZM)

Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Jan 8, 2025
Transactions value $
-$2,655,809
Form type
4
Date filed
1/10/2025, 08:39 PM
Previous filing
Dec 6, 2024
Next filing
Jan 15, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Options Exercise $0 +68.5K $0.00 68.5K Jan 8, 2025 See footnote F1
transaction ZM Class A Common Stock Sale -$2.66M -33.8K -49.3% $78.69 34.7K Jan 8, 2025 See footnote F1, F2, F3

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 ZM Restricted Stock Units Options Exercise $0 -38.3K -14.29% $0.00 230K Jan 8, 2025 Class A Common Stock 38.3K Direct F4, F5
transaction ZM Restricted Stock Units Options Exercise $0 -30.2K -14.29% $0.00 181K Jan 8, 2025 Class A Common Stock 30.2K Direct F4, F6
holding ZM Class B Common Stock 22.1M Jan 8, 2025 Class A Common Stock 22.1M See footnote F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
F2 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.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.6882 to $78.6884. 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 8, 2022, which will vest in equal quarterly installments over four years.
F6 The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
F7 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.