Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ZM | Performance-vesting RSU | Award | $0 | +15.1K | $0.00 | 15.1K | Feb 25, 2025 | Class A Common Stock | 15.1K | Direct | F1, F2 | ||
holding | ZM | Restricted Stock Units | 230K | Feb 25, 2025 | Class A Common Stock | 230K | Direct | F3, F4 | ||||||
holding | ZM | Restricted Stock Units | 181K | Feb 25, 2025 | Class A Common Stock | 181K | Direct | F3, F5 | ||||||
holding | ZM | Class B Common Stock | 21.8M | Feb 25, 2025 | Class A Common Stock | 21.8M | See footnote | F6, F7 |
Id | Content |
---|---|
F1 | Each performance-vesting restricted stock unit (the performance-vesting RSU) represents a contingent right to receive one share of Issuers Class A Common Stock. |
F2 | Represents performance-vesting RSUs previously granted to the Reporting Person, which were subject to vesting upon certification by the Compensation Committee of the Companys achievement of certain performance metrics and determination of the number of performance-vesting RSUs that were eligible to vest, which determination occurred on February 25, 2025. The performance-vesting RSU is also subject to a service-based vesting requirement and will vest on April 9, 2025, subject to the Reporting Persons Continuous Service (as defined in the Issuers 2019 Equity Incentive Plan) on the vesting date. |
F3 | Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock. |
F4 | The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years. |
F5 | The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years. |
F6 | 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. |
F7 | 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. |