Company: ZM
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001585521-25-000141
Chunk: 263

Company: Zoom Communications, Inc.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 263
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20252,394,918  $9.02 2.6$187,284 Exercised(471,770) $2.91 $36,642 Canceled/forfeited/expired(4,488) $94.87 Outstanding and exercisable as of July 31, 20251,918,660  $10.33 2.5$124,000 As of July 31, 2025, all options have vested and there is no unrecognized stock-based compensation expense remaining.Restricted Stock UnitsA summary of RSU activity under our equity incentive plan and related information is as follows:RSUsRSUsWeighted-AverageGrant Date Fair Value Per ShareUnvested as of January 31, 202523,870,513 $73.48 Granted5,161,763 $75.12 Vested(6,578,596)$76.26 Canceled/forfeited(1,792,221)$72.42 Unvested as of July 31, 202520,661,459 $73.14 As of July 31, 2025, unrecognized stock-based compensation expense related to RSUs was $1,367.5 million, which is expected to be recognized over a weighted-average period of 2.7 years.For the six months ended July 31, 2025, we granted 665.9 thousand RSUs that contain both service and performance vesting criteria. The ultimate number of shares eligible to vest pursuant to these RSUs range from 0% to 100% of the target number of shares depending on achievement of the performance metrics. The number of RSUs with service and performance vesting conditions included in the granted amount in the table above reflects the shares that would be eligible to vest at 100% of the target amount.2019 Employee Stock Purchase PlanIn April 2019, we adopted the 2019 ESPP. As of July 31, 2025, unrecognized stock-based compensation expense related to the ESPP was $24.8 million, which is expected to be recognized over a weighted-average period of 1.2 years.

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Stock-Based CompensationThe stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:Three Months Ended July 31, Six Months Ended July 31, 2025202420252024(in thousands)Cost of revenue$24,222 $