04/10/2025 | Press release | Distributed by Public on 04/10/2025 19:41
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (4) | 04/08/2025 | M | 11,963 | (5) | (5) | Class A Common Stock | 11,963 | $ 0 | 59,815 | D | ||||
Restricted Stock Units | (4) | 04/08/2025 | M | 9,429 | (6) | (6) | Class A Common Stock | 9,429 | $ 0 | 47,145 | D | ||||
Performance-vesting RSU | (7) | 04/09/2025 | M | 11,320 | (8) | (8) | Class A Common Stock | 11,320 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Bawa Aparna C/O ZOOM COMMUNICATIONS, INC. 55 ALMADEN BOULEVARD, 6TH FLOOR SAN JOSE, CA 95113 |
Chief Operating Officer |
/s/ Aparna Bawa, Attorney-in-Fact | 04/10/2025 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | 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. |
(2) | Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units. |
(3) | Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Performance-vesting restricted stock units. |
(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 on July 8, 2022, which will vest in equal quarterly installments over four years. |
(6) | The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years. |
(7) | Each performance-vesting restricted stock unit (the performance-vesting RSU) represents a contingent right to receive one share of Issuers Class A Common Stock. |
(8) | Represents performance-vesting RSUs previously granted to the Reporting Person, which were subject to vesting upon certification by the Compensation Committee of the Companys achievement of certain performance metrics and determination of the number of performance-vesting RSUs that were eligible to vest, which determination occurred on February 25, 2025. The performance-vesting RSU is also subject to a service-based vesting requirement and will vest on April 9, 2025, subject to the Reporting Persons Continuous Service (as defined in the Issuers 2019 Equity Incentive Plan) on the vesting date. |