4//SEC Filing
Steckelberg Kelly 4
Accession 0001585521-24-000209
CIK 0001585521other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 5:40 PM ET
Size
20.4 KB
Accession
0001585521-24-000209
Insider Transaction Report
Form 4
Steckelberg Kelly
Chief Financial Officer
Transactions
- Exercise/Conversion
Class B Common Stock
2024-10-02+8,901→ 8,901 totalExercise: $0.00→ Class A Common Stock (8,901 underlying) - Conversion
Class B Common Stock
2024-10-02−8,901→ 0 totalExercise: $0.00→ Class A Common Stock (8,901 underlying) - Conversion
Class A Common Stock
2024-10-02+8,901→ 8,901 total - Sale
Class A Common Stock
2024-10-02$67.79/sh−8,901$603,436→ 0 total - Exercise/Conversion
Employee Stock Option (right to buy)
2024-10-02−8,901→ 441,285 totalExercise: $1.31Exp: 2028-01-06→ Class B Common Stock (8,901 underlying)
Holdings
- 100,000
Employee Stock Option (right to buy)
Exercise: $3.77Exp: 2028-09-24→ Class B Common Stock (100,000 underlying) - 148,608
Restricted Stock Units
→ Class A Common Stock (148,608 underlying) - 117,130
Restricted Stock Units
→ Class A Common Stock (117,130 underlying) - 121,361(indirect: See footnote)
Class A Common Stock
Footnotes (10)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F10]The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.58 to 68.36. 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.
- [F3]The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.
- [F4]1/4 of the shares subject to the option vested on November 6, 2018, and 1/48 of the shares vest monthly thereafter. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
- [F5]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.
- [F6]1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.
- [F7]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.
- [F8]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 July 8, 2022, which will vest in equal quarterly installments over four years.
Documents
Issuer
Zoom Video Communications, Inc.
CIK 0001585521
Entity typeother
Related Parties
1- filerCIK 0001364713
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 5:40 PM ET
- Size
- 20.4 KB