Form 4 for ZM Zoom Communications, Inc.
Accepted 2022-03-08 00:00:00 ET · period of report 2022-03-04 · accession 0001585521-22-000043 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-03-08 | 2022-03-04 | ZM | Bawa Aparna | COO | M - OptEx | $0.00 | +1,710 | 98.0K | +2% | $0 |
| DI | 2022-03-08 | 2022-03-04 | ZM | Bawa Aparna | COO | F - Tax | $111.13 | -665 | 97.3K | -0.7% | -$73.9K |
| D | 2022-03-08 | 2022-03-04 | ZM | Bawa Aparna | COO | M - OptEx | $0.00 | -1,710 | 17.1K | -9% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-03-04 | M | A | 1,710 | $0.00 | 98,012 | I See footnote | — | — | (F1) The shares were issued pursuant to an option that was early exercised by the Reporting Person, and 45,000 shares are subject to the Issuer's right to repurchase as of the date hereof. (F2) 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. |
| 2 | Common | Class A Common Stock | 2022-03-04 | F | D | 665 | $111.13 | 97,347 | I See footnote | — | — | (F3) Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. (F1) The shares were issued pursuant to an option that was early exercised by the Reporting Person, and 45,000 shares are subject to the Issuer's right to repurchase as of the date hereof. (F2) 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. |
| 3 | Derivative | Restricted Stock Units | 2022-03-04 | M | D | 1,710 | $0.00 | 17,105 | D | — · — to — | 1,710 Class A Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. (F5) 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. |