Form 4 for ZM Zoom Communications, Inc.
Accepted 2023-09-20 00:00:00 ET · period of report 2023-09-18 · accession 0001585521-23-000220 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-09-20 | 2023-09-18+ | ZM | Yuan Eric S. | CEO, Dir, 10% | S - Sale | $69.91 | -26.5K | 670 | -98% | -$1.85M |
| DM | 2023-09-20 | 2023-09-18+ | ZM | Yuan Eric S. | CEO, Dir, 10% | C - Cnv Deriv | $0.00 | +26.5K | 13.3K | New | $0 |
| DM | 2023-09-20 | 2023-09-18+ | ZM | Yuan Eric S. | CEO, Dir, 10% | C - Cnv Deriv | $0.00 | -26.5K | 0 | -100% | $0 |
| DM | 2023-09-20 | 2023-09-18+ | ZM | Yuan Eric S. | CEO, Dir, 10% | M - OptEx | $0.00 | 0 | 13.3K | New | $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 | 2023-09-18 | S | D | 670 | $70.93 | 0 | D | — | — | (F3) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.81 to $71.05. 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. |
| 2 | Common | Class A Common Stock | 2023-09-19 | C | A | 13,252 | $0.00 | 13,252 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-09-19 | S | D | 1,700 | $70.10 | 0 | D | — | — | (F5) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.72 to $70.48. 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. |
| 4 | Common | Class A Common Stock | 2023-09-19 | S | D | 11,552 | $69.27 | 1,700 | D | — | — | (F4) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.705 to $69.70. 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 | Common | Class A Common Stock | 2023-09-18 | S | D | 12,583 | $70.42 | 670 | D | — | — | (F2) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.81 to $70.77. 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. |
| 6 | Common | Class A Common Stock | 2023-09-18 | C | A | 13,253 | $0.00 | 13,253 | D | — | — | |
| 7 | Derivative | Class B Common Stock | 2023-09-18 | C | D | 13,253 | $0.00 | 0 | D | — · — to — | 13,253 Class A Common Stock | (F8) 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. |
| 8 | Derivative | Class B Common Stock | 2023-09-19 | M | A | 13,252 | $0.00 | 13,252 | D | — · — to — | 13,252 Class A Common Stock | (F8) 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. |
| 9 | Derivative | Class B Common Stock | 2023-09-19 | C | D | 13,252 | $0.00 | 0 | D | — · — to — | 13,252 Class A Common Stock | (F8) 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. |
| 10 | Derivative | Employee Stock Option (right to buy) | 2023-09-19 | M | D | 13,252 | $0.00 | 0 | D | $4.15 · — to 2023-09-24 | 13,252 Class B Common Stock | (F9) This option is fully vested. |
| 11 | Derivative | Employee Stock Option (right to buy) | 2023-09-18 | M | D | 13,253 | $0.00 | 13,252 | D | $4.15 · — to 2023-09-24 | 13,253 Class B Common Stock | (F7) 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. |
| 12 | Derivative | Class B Common Stock | 2023-09-18 | M | A | 13,253 | $0.00 | 13,253 | D | — · — to — | 13,253 Class A Common Stock | (F8) 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. |