0001585521-24-000010.txt : 20240110 0001585521-24-000010.hdr.sgml : 20240110 20240110204222 ACCESSION NUMBER: 0001585521-24-000010 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240108 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bawa Aparna CENTRAL INDEX KEY: 0001773301 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38865 FILM NUMBER: 24527799 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] ORGANIZATION NAME: 06 Technology 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_1704937330.xml FORM 4 X0508 4 2024-01-08 0 0001585521 Zoom Video Communications, Inc. ZM 0001773301 Bawa Aparna C/O ZOOM VIDEO COMMUNICATIONS, INC. 55 ALMADEN BOULEVARD, 6TH FLOOR SAN JOSE CA 95113 0 1 0 0 Chief Operating Officer 0 Class A Common Stock 2024-01-08 4 M 0 34437 0 A 36415 I See footnote Class A Common Stock 2024-01-08 4 F 0 10486 67.4637 D 25929 I See footnote Restricted Stock Units 2024-01-08 4 M 0 4469 0 D Class A Common Stock 4469 4470 D Restricted Stock Units 2024-01-08 4 M 0 11963 0 D Class A Common Stock 11963 119629 D Restricted Stock Units 2024-01-08 4 M 0 8576 0 D Class A Common Stock 8576 8577 D Restricted Stock Units 2024-01-08 4 M 0 9429 0 D Class A Common Stock 9429 94290 D Restricted Stock Units Class A Common Stock 10388 10388 D Restricted Stock Units Class A Common Stock 5132 5132 D The shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees. 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 $67.4635 to $67.4644. 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, which will vest in equal quarterly installments over two years. 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, which will vest in equal quarterly installments over one year beginning July 8, 2023. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three 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. On July 23, 2020, the Compensation Committee approved an award of restricted stock units to be granted to the Reporting Person, effective September 4, 2020 (the "RSU"). The number of shares of the Issuer's Class A Common Stock issuable under the RSU was determined by dividing $7,000,000 by the average closing price of the Issuer's Class A Common Stock over the sixty (60) day trading period ending seven days prior to the September 4, 2020 grant date and rounding up to the nearest whole share. The RSU vests as to 1/4th of the shares subject to the RSU on the one-year anniversary of the grant date, with1/12 of the remaining shares vesting in equal quarterly installments over the next three years subject to the Reporting Person's continuous service as of such vesting dates. The RSU is 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. /s/ Aparna Bawa, Attorney-in-Fact 2024-01-10