Pres. of Engineering & Product Sankarlingam Velchamy converted options into 27,079 shares and sold $921,770 worth of shares (16,231 units at $56.79), increasing direct ownership by 14% to 90,584 units (SEC Form 4)
$ZM
Computer Software: Programming Data Processing
Technology
| 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) 07/08/2024 | ||||||||||||||||||||||||||
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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 | 07/08/2024 | M | 6,328 | A | $0 | 86,064 | D | |||
| Class A Common Stock | 07/09/2024 | S(1) | 3,272 | D | $57.15 | 82,792 | D | |||
| Class A Common Stock | 07/10/2024 | S(2) | 2,292 | D | $56.7 | 80,500 | D | |||
| Class A Common Stock | 07/09/2024 | M | 20,751 | A | $0 | 101,251 | D | |||
| Class A Common Stock | 07/10/2024 | S(1) | 10,667 | D | $56.7 | 90,584 | 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 Ashwini Velchamy | |||||||
| Class A Common Stock | 2,000 | I | By Janani Velchamy | |||||||
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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 | (3) | 07/08/2024 | M | 6,328 | (4) | (4) | Class A Common Stock | 6,328 | $0 | 0 | D | ||||
| Restricted Stock Units | (3) | 07/09/2024 | M | 20,751 | (5) | (5) | Class A Common Stock | 20,751 | $0 | 311,275 | D | ||||
| Restricted Stock Units | (3) | (6) | (6) | Class A Common Stock | 25,263 | 25,263 | D | ||||||||
| Restricted Stock Units | (3) | (7) | (7) | Class A Common Stock | 38,011 | 38,011 | D | ||||||||
| Explanation of Responses: |
| 1. This sale was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person. |
| 2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. |
| 3. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. |
| 4. 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. |
| 5. The Reporting Person received an award of restricted stock units which vest quarterly in 16 equal installments beginning on July 9, 2024. |
| 6. The Reporting Person received an award of restricted stock units on September 12, 2023, which will vest in equal quarterly installments over three years. |
| 7. The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years. |
| Remarks: |
| /s/ Aparna Bawa, Attorney-in-Fact | 07/10/2024 | |
| ** 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. | ||