0001585521-23-000181.txt : 20230711 0001585521-23-000181.hdr.sgml : 20230711 20230711191758 ACCESSION NUMBER: 0001585521-23-000181 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230708 FILED AS OF DATE: 20230711 DATE AS OF CHANGE: 20230711 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Yuan Eric S. CENTRAL INDEX KEY: 0001773298 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38865 FILM NUMBER: 231082999 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 wk-form4_1689117468.xml FORM 4 X0407 4 2023-07-08 0 0001585521 Zoom Video Communications, Inc. ZM 0001773298 Yuan Eric S. C/O ZOOM VIDEO COMMUNICATIONS, INC. 55 ALMADEN BOULEVARD, 6TH FLOOR SAN JOSE CA 95113 1 1 1 0 Chief Executive Officer 0 Class A Common Stock 2023-07-08 4 M 0 38281 0 A 101211 I See footnote Class A Common Stock 2023-07-08 4 F 0 19274 64.6708 D 81937 I See footnote Restricted Stock Units 2023-07-11 4 A 0 362071 0 A Class A Common Stock 362071 362071 D Restricted Stock Units 2023-07-08 4 M 0 38281 0 D Class A Common Stock 38281 459375 D Restricted Stock Units Class A Common Stock 13851 13851 D Employee Stock Option (right to buy) 3.77 2028-09-24 Class B Common Stock 67245 67245 D Employee Stock Option (right to buy) 4.15 2023-09-24 Class B Common Stock 26505 26505 D Class B Common Stock Class A Common Stock 22527492 22527492 I See footnote 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. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. 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 July 11, 2023 which will vest in equal quarterly installments over three years, beginning on October 8, 2023. 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. The shares subject to the option vest in monthly installments as follows: approximately 1,577 shares vested on October 24, 2018 and approximately 1,577 vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 8,207 shares vested on January 24, 2019 and approximately 8,207 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 7,472 shares vest on the 24th day of each month thereafter through and including September 24, 2022. 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. The shares subject to the option vest in monthly installments as follows: approximately 8,840 shares vested on October 24, 2018 and approximately 8,840 shares vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 2,210 shares vested on January 24, 2019 and approximately 2,210 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 2,945 shares vest on the 24th day of each month thereafter through and including September 24, 2022. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase. /s/ Aparna Bawa, Attorney-in-Fact 2023-07-11