0001585521-24-000195.txt : 20240906
0001585521-24-000195.hdr.sgml : 20240906
20240906205745
ACCESSION NUMBER: 0001585521-24-000195
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240904
FILED AS OF DATE: 20240906
DATE AS OF CHANGE: 20240906
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bawa Aparna
CENTRAL INDEX KEY: 0001773301
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38865
FILM NUMBER: 241285660
MAIL ADDRESS:
STREET 1: C/O ZOOM VIDEO COMMUNICATIONS, INC.
STREET 2: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Zoom Video Communications, Inc.
CENTRAL INDEX KEY: 0001585521
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 611648780
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
BUSINESS PHONE: (888) 799-9666
MAIL ADDRESS:
STREET 1: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
4
1
wk-form4_1725670658.xml
FORM 4
X0508
4
2024-09-04
0
0001585521
Zoom Video Communications, Inc.
ZM
0001773301
Bawa Aparna
C/O ZOOM VIDEO COMMUNICATIONS, INC.
55 ALMADEN BOULEVARD, 6TH FLOOR
SAN JOSE
CA
95113
0
1
0
0
Chief Operating Officer
0
Class A Common Stock
2024-09-04
4
M
0
1711
0
A
3689
I
See footnote
Class A Common Stock
2024-09-05
4
S
0
880
68.09
D
2809
I
See footnote
Restricted Stock Units
2024-09-04
4
M
0
1711
0
D
Class A Common Stock
1711
0
D
Restricted Stock Units
Class A Common Stock
84861
75432
D
Restricted Stock Units
Class A Common Stock
107666
95703
D
The shares are held of record by Rafik Bawa and Aparna Bawa, as Trustees of the Bawa Family Trust under agreement dated November 12, 2013, for which the Reporting Person and the Reporting Person's spouse serve as trustees.
This sale was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
On July 23, 2020, the Compensation Committee approved an award of restricted stock units to be granted to the Reporting Person, effective September 4, 2020 (the "RSU"). The number of shares of the Issuer's Class A Common Stock issuable under the RSU was determined by dividing $7,000,000 by the average closing price of the Issuer's Class A Common Stock over the sixty (60) day trading period ending seven days prior to the September 4, 2020 grant date and rounding up to the nearest whole share. The RSU vests as to 1/4th of the shares subject to the RSU on the one-year anniversary of the grant date, with1/12 of the remaining shares vesting in equal quarterly installments over the next three years subject to the Reporting Person's continuous service as of such vesting dates. The RSU is 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.
The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.
The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.
/s/ Aparna Bawa, Attorney-in-Fact
2024-09-06