Gassner Peter P 4
4 · Zoom Video Communications, Inc. · Filed Jun 14, 2024
Insider Transaction Report
Form 4
Gassner Peter P
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2024-06-12+4,089→ 8,383 total - Award
Restricted Stock Units
2024-06-13+4,361→ 4,361 total→ Class A Common Stock (4,361 underlying) - Exercise/Conversion
Restricted Stock Units
2024-06-12−4,089→ 0 total→ Class A Common Stock (4,089 underlying)
Holdings
- 1,202,720
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (1,202,720 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F2]The reporting person received an award of restricted stock units, 100% of which will vest on the first anniversary date of the grant (or, if sooner, the day immediately preceding the next annual meeting that occurs following the grant date).
- [F3]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. Following the closing of the Issuer's IPO, each share of Class B Common Stock held by the Reporting Person will convert automatically 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. Following the closing of the IPO, 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 IPO.