0001585521-21-000060.txt : 20210324
0001585521-21-000060.hdr.sgml : 20210324
20210324191132
ACCESSION NUMBER: 0001585521-21-000060
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210322
FILED AS OF DATE: 20210324
DATE AS OF CHANGE: 20210324
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Steckelberg Kelly
CENTRAL INDEX KEY: 0001364713
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38865
FILM NUMBER: 21769569
MAIL ADDRESS:
STREET 1: C/O ZOOM VIDEO COMMUNICATIONS, INC.
STREET 2: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Zoom Video Communications, Inc.
CENTRAL INDEX KEY: 0001585521
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 611648780
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
BUSINESS PHONE: (888) 799-9666
MAIL ADDRESS:
STREET 1: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
4
1
wf-form4_161662746742011.xml
FORM 4
X0306
4
2021-03-22
0
0001585521
Zoom Video Communications, Inc.
ZM
0001364713
Steckelberg Kelly
C/O ZOOM VIDEO COMMUNICATIONS, INC.
55 ALMADEN BOULEVARD, 6TH FLOOR
SAN JOSE
CA
95113
0
1
0
0
Chief Financial Officer
Class A Common Stock
2021-03-22
4
C
0
6700
0
A
6700
D
Class A Common Stock
2021-03-22
4
S
0
1500
328.1019
D
5200
D
Class A Common Stock
2021-03-22
4
S
0
1900
329.0621
D
3300
D
Class A Common Stock
2021-03-22
4
S
0
2600
329.9438
D
700
D
Class A Common Stock
2021-03-22
4
S
0
400
330.775
D
300
D
Class A Common Stock
2021-03-22
4
S
0
300
331.9733
D
0
D
Class A Common Stock
1388
I
See footnote
Employee Stock Option (right to buy)
1.31
2021-03-22
4
M
0
6700
0
D
2028-01-06
Class B Common Stock
6700.0
918500
D
Class B Common Stock
0.0
2021-03-22
4
M
0
6700
0
A
Class A Common Stock
6700.0
6700
D
Class B Common Stock
0.0
2021-03-22
4
C
0
6700
0
D
Class A Common Stock
6700.0
0
D
Employee Stock Option (right to buy)
3.77
2028-09-24
Class B Common Stock
100000.0
100000
D
Restricted Stock Units
Class A Common Stock
450.0
450
D
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $327.51 to $328.48. 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.59 to $329.49. 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $329.59 to $330.49. 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.69 to $330.92. 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.70 to $332.19. 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.
The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
1/4 of the shares subject to the option vested on November 6, 2018, and 1/48 of the shares vest monthly thereafter. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
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.
1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
The reporting person received an award of restricted stock units on June 8, 2020, 1/2 of which will vest on the first anniversary date of the grant, and 1/2 of which will vest on the second anniversary date of the grant.
/s/ Aparna Bawa, Attorney-in-Fact
2021-03-24