FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Zoom Video Communications, Inc. [ ZM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/08/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 10/08/2023 | M | 37,670 | A | $0 | 95,976 | D | |||
Class A Common Stock | 10/08/2023 | F | 19,122(1) | D | $63.9662(2) | 76,854 | D | |||
Class A Common Stock | 10/10/2023 | S(3) | 13,912 | D | $66.3514(4) | 62,942 | D | |||
Class A Common Stock | 36,060 | I | Velchamy Family Trust | |||||||
Class A Common Stock | 2,000 | I | By Harshini Velchamy | |||||||
Class A Common Stock | 2,000 | I | By Janani Velchamy | |||||||
Class A Common Stock | 2,000 | I | By Ashwini Velchamy |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (5) | 10/08/2023 | M | 6,327 | (6) | (6) | Class A Common Stock | 6,327 | $0 | 18,983 | D | ||||
Restricted Stock Units | (5) | 10/08/2023 | M | 8,427 | (7) | (7) | Class A Common Stock | 8,427 | $0 | 16,855 | D | ||||
Restricted Stock Units | (5) | 10/08/2023 | M | 22,916 | (8) | (8) | Class A Common Stock | 22,916 | $0 | 45,832 | D | ||||
Restricted Stock Units | (5) | (9) | (9) | Class A Common Stock | 50,682 | 50,682 | D | ||||||||
Restricted Stock Units | (5) | (10) | (10) | Class A Common Stock | 10,388 | 10,388 | D | ||||||||
Restricted Stock Units | (5) | (11) | (11) | Class A Common Stock | 33,684 | 33,684 | D |
Explanation of Responses: |
1. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. |
2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.965 to $63.967. 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. |
3. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. |
4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.858 to $66.825. 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. |
5. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. |
6. The reporting person received an award of restricted stock units, 1/4 of which will vest on July 8, 2021 and the remaining units will vest in equal quarterly installments thereafter, subject to the Reporting Person's continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date. The restricted stock units are subject to accelerated vesting in the event of termination of employment by the Reporting Person under certain circumstances in connection with a change in control of the Issuer. |
7. The reporting person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years. |
8. The Reporting Person received an award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year. |
9. The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years. |
10. 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. |
11. The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years. |
Remarks: |
/s/ Aparna Bawa, Attorney-in-Fact | 10/11/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |