Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 262

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 1
Chunk 262
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), in privately negotiated transactions, and other transactions in accordance with applicable securities laws. The program does not obligate us to repurchase any specific number of shares and may be discontinued at any time.During the three and nine months ended October 31, 2025, we repurchased and subsequently retired 5,111,488 and 16,624,306 shares of our Class A common stock, respectively, for an aggregate amount of $414.4 million and $1,295.8 million, respectively. As of October 31, 2025, $310.4 million of the repurchase authorization remained available. In November 2025, our Board of Directors authorized the repurchase of an additional $1.0 billion of our outstanding Class A common stock.Equity Incentive PlansWe have two equity incentive plans: the 2011 Global Share Plan (“2011 Plan”) and the 2019 Equity Incentive Plan (“2019 Plan”). All shares that remain available for future grants are under the 2019 Plan.

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Stock OptionsA summary of stock option activity under our equity incentive plan and related information is as follows: Stock OptionsOutstandingStockOptionsWeighted-AverageExercisePriceWeighted-AverageRemainingContractualLife (Years)AggregateIntrinsicValue(in thousands, except share, life, and per share data)Balance as of January 31, 20252,394,918  $9.02 2.6$187,284 Exercised(706,307) $2.62 $55,601 Canceled/forfeited/expired(5,098) $94.87 Outstanding and exercisable as of October 31, 20251,683,513  $11.45 2.4$128,196 As of October 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 Granted8,157,824 $78.45 Vested(9,028,227)$76.34 Canceled/forfeited(2,474,987)$72.67 Unvested as of October 31, 202520,525