Form 4 for ZM Zoom Communications, Inc.
Accepted 2024-01-10 00:00:00 ET · period of report 2024-01-08 · accession 0001585521-24-000013 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-10 | 2024-01-08 | ZM | Sankarlingam Velchamy | Pres. of Engineering, Product | M - OptEx | $0.00 | +37.7K | 102.5K | +58% | $0 |
| D | 2024-01-10 | 2024-01-10 | ZM | Sankarlingam Velchamy | Pres. of Engineering, Product | S - Sale+OE | $67.98 | -15.6K | 70.1K | -18% | -$1.06M |
| D | 2024-01-10 | 2024-01-08 | ZM | Sankarlingam Velchamy | Pres. of Engineering, Product | F - Tax | $67.46 | -16.9K | 85.7K | -16% | -$1.14M |
| DM | 2024-01-10 | 2024-01-08 | ZM | Sankarlingam Velchamy | Pres. of Engineering, Product | M - OptEx | $0.00 | -37.7K | 22.9K | -62% | $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 | 2024-01-08 | M | A | 37,671 | $0.00 | 102,530 | D | — | — | (F1) Includes 1 share of Class A Common Stock purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 13, 2023 to December 12, 2023. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on December 12, 2023. |
| 2 | Common | Class A Common Stock | 2024-01-10 | S | D | 15,611 | $67.98 | 70,061 | D | — | — | (F5) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.60 to $68.25. 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 | Common | Class A Common Stock | 2024-01-08 | F | D | 16,858 | $67.46 | 85,672 | D | — | — | (F2) Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. (F3) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.459 to $67.464. 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 | Derivative | Restricted Stock Units | 2024-01-08 | M | D | 6,328 | $0.00 | 12,655 | D | — · — to — | 6,328 Class A Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. (F7) 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 | Derivative | Restricted Stock Units | 2024-01-08 | M | D | 8,427 | $0.00 | 8,428 | D | — · — to — | 8,427 Class A Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. (F8) The reporting person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years. |
| 6 | Derivative | Restricted Stock Units | 2024-01-08 | M | D | 22,916 | $0.00 | 22,916 | D | — · — to — | 22,916 Class A Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. (F9) The Reporting Person received an award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year. |