0001585521-23-000087.txt : 20230411
0001585521-23-000087.hdr.sgml : 20230411
20230411191950
ACCESSION NUMBER: 0001585521-23-000087
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230408
FILED AS OF DATE: 20230411
DATE AS OF CHANGE: 20230411
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: 23814403
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_168125518022233.xml
FORM 4
X0407
4
2023-04-08
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
0
Class A Common Stock
2023-04-08
4
M
0
24891
0
A
51840
I
See footnote
Class A Common Stock
2023-04-08
4
F
0
10966
68.8759
D
40874
I
See footnote
Restricted Stock Units
2023-04-08
4
M
0
6315
0
D
Class A Common Stock
6315.0
0
D
Restricted Stock Units
2023-04-08
4
M
0
18576
0
D
Class A Common Stock
18576.0
241488
D
Restricted Stock Units
Class A Common Stock
10388.0
10388
D
Employee Stock Option (right to buy)
1.31
2028-01-06
Class B Common Stock
691708.0
691708
D
Employee Stock Option (right to buy)
3.77
2028-09-24
Class B Common Stock
100000.0
100000
D
The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.8723 to $68.8794. 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.
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 April 8, 2022, 100% of which will vest on the first anniversary date of the grant.
The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
The reporting person received an award of restricted stock units on April 6, 2023, 100% of which will vest on the first anniversary date of the grant.
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.
/s/ Aparna Bawa, Attorney-in-Fact
2023-04-11