Velchamy Sankarlingam Form 4 Zoom Video Communications / Velchamy Sankarlingam ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Sankarlingam Velchamy

(Last)

(First)

(Middle)

C/O ZOOM VIDEO COMMUNICATIONS, INC.

6TH FLOOR

(Street)

SAN JOSE

95113

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Zoom Video Communications, Inc. [ ZM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Pres. of Engineering & Product

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/08/2023		M		37,671	A	$0	76,408⁽¹⁾	D
Class A Common Stock	07/08/2023		F		18,967⁽²⁾	D	$64.6715⁽³⁾	57,441	D
Class A Common Stock								2,000	I	By Ashwini Velchamy
Class A Common Stock								36,060	I	Velchamy Family Trust
Class A Common Stock								2,000	I	By Janani Velchamy
Class A Common Stock								2,000	I	By Harshini Velchamy

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	07/08/2023		M			6,328	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	6,328	$0	25,310	D
Restricted Stock Units	⁽⁴⁾	07/08/2023		M			8,427	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	8,427	$0	25,282	D
Restricted Stock Units	⁽⁴⁾	07/08/2023		M			9,160	⁽⁷⁾	⁽⁷⁾	Class A Common Stock	9,160	$0	82,504	D
Restricted Stock Units	⁽⁴⁾	07/08/2023		M			13,756	⁽⁸⁾	⁽⁸⁾	Class A Common Stock	13,756	$0	41,268	D
Restricted Stock Units	⁽⁴⁾							⁽⁹⁾	⁽⁹⁾	Class A Common Stock	10,388		10,388	D
Restricted Stock Units	⁽⁴⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	54,905		54,905	D

Explanation of Responses:

1. Includes 337 shares of Class A Common Stock purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2022 to June 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 June 12, 2023.

2. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.6701 to $64.6733. 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. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

5. 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.

6. The reporting person received an award of restricted stock units on April 8, 2022, which will vest in equal quarterly installments over two years.

7. The Reporting Person received an award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year.

8. The Reporting Person received a second award of restricted stock units on April 6, 2023, which will vest in equal quarterly installments over one year.

9. The reporting person received an award of restricted stock units on April 6, 2023, 100% of which will vest on the first anniversary date of the grant.

10. The Reporting Person received an award of restricted stock units on September 9, 2022, which will vest in equal quarterly installments over four years.

Remarks:

	/s/ Aparna Bawa, Attorney-in-Fact	07/11/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Velchamy Sankarlingam Form 4Zoom Video Communications / Velchamy Sankarlingam ownership change