Swanson Bart 4
4 · Zoom Video Communications, Inc. · Filed Apr 22, 2021
Insider Transaction Report
Form 4
Swanson Bart
Director
Transactions
- Conversion
Class B Common Stock
2019-07-18−85,908→ 0 total→ Class A Common Stock (85,908 underlying) - Conversion
Class A Common Stock
2019-07-18+85,908→ 85,908 total
Footnotes (1)
- [F1]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.