Santiago Subotovsky - Dec 4, 2024 Form 4 Insider Report for Zoom Communications, Inc. (ZM)

Role
Director
Signature
/s/ Aparna Bawa, Attorney-in-Fact
Stock symbol
ZM
Transactions as of
Dec 4, 2024
Transactions value $
-$16,000
Form type
4
Date filed
3/21/2025, 08:36 PM
Previous filing
Jun 14, 2024
Next filing
Mar 26, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZM Class A Common Stock Conversion of derivative security $0 +193 $0.00 193 Dec 4, 2024 See footnote F1, F2
transaction ZM Class A Common Stock Sale -$16K -193 -100% $82.90 0 Dec 4, 2024 See footnote F2
transaction ZM Class A Common Stock Conversion of derivative security $0 +704K $0.00 0 Dec 24, 2024 See footnote F2, F3, F4
transaction ZM Class A Common Stock Conversion of derivative security $0 +704K $0.00 0 Dec 24, 2024 See footnote F5, F6, F7
holding ZM Class A Common Stock 172K Dec 4, 2024 Direct F8

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 Class B Common Stock Conversion of derivative security $0 -193 -0.03% $0.00 704K Dec 4, 2024 Class A Common Stock 193 See footnote F1, F2, F9
transaction ZM Class B Common Stock Conversion of derivative security $0 -704K -100% $0.00 0 Dec 24, 2024 Class A Common Stock 704K See footnote F2, F3, F9
transaction ZM Class B Common Stock Conversion of derivative security $0 -704K -12.17% $0.00 5.08M Dec 24, 2024 Class A Common Stock 704K See footnote F5, F7, F9
holding ZM Restricted Stock Units 4.36K Dec 4, 2024 Class A Common Stock 4.36K Direct F10, F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 4, 2024, EZP Opportunity, L.P. (EZP) converted in the aggregate 193 shares of the Issuer's Class B Common Stock into 193 shares of the Issuer's Class A Common Stock.
F2 Shares held directly by EZP. The sole general partner of EZP is Emergence Equity Partners III, L.P. (EEP III), and the sole general partner of EEP III is Emergence GP Partners, LLC (EGP). The reporting person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
F3 On December 24, 2024, EZP converted in the aggregate 704,064 shares of the Issuer's Class B Common Stock into 704,064 shares of the Issuer's Class A Common Stock. Subsequently, on the same date, EZP distributed in-kind, without consideration, all 704,064 shares of the Issuer's Class A Common Stock pro-rata to its partners in accordance with the exemptions under Rule 16a-9(a) (Rule 16a-9(a)) and Rule 16a-13 (Rule 16a-13) of the Securities Exchange Act of 1934, as amended.
F4 Reflects the pro rata distribution in-kind, without consideration, of all 704,064 shares of the Issuer's Class A Common Stock by EZP to its partners in accordance with the exemptions under Rules 16a-9(a) and 16a-13.
F5 On December 24, 2024, Emergence Capital Partners III, L.P. (Emergence) converted in the aggregate 704,257 shares of the Issuer's Class B Common Stock into 704,257 shares of the Issuer's Class A Common Stock. Subsequently, on the same date, Emergence distributed in-kind, without consideration, all 704,257 shares of the Issuer's Class A Common Stock pro-rata to its partners in accordance with the exemptions under Rule 16a-9(a) and 16a-13.
F6 Reflects the pro rata distribution in-kind, without consideration, of all 704,257 shares of the Issuer's Class A Common Stock by Emergence to its partners in accordance with the exemptions under Rules 16a-9(a) and 16a-13.
F7 Shares held directly by Emergence. The sole general partner of Emergence is EEP III, and the sole general partner of EEP III is EGP. The Reporting Person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
F8 Balance reflects the Reporting Persons receipt of 13,379 shares of the Issuer's Class A Common Stock in a pro-rata distribution from EZP and Emergence on 12/24/2024. Includes 6,178 shares of the Issuer's Class A Common Stock acquired upon the vesting of restricted stock units that are held for the benefit of EEP III.
F9 Each share of Class B Common Stock is convertible at the option of Emergence and EZP, as applicable, into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by Emergence and EZP, as applicable, will automatically convert into one share of Class A Common Stock upon any transfer by Emergence and EZP, as applicable, except certain Permitted Transfers described in the Issuers 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 Eric S. 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 Issuers initial public offering.
F10 Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
F11 The reporting person received an award of restricted stock units, 100% of which will vest on the first anniversary date of the grant (or, if sooner, the day immediately preceding the next annual meeting that occurs following the grant date).
F12 This award is held for the benefit of EEP III.