Company: ZM
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585521-25-000042
Chunk: 166

Company: Zoom Communications, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 166
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 life and per share data)Outstanding as of January 31, 20243,314,228 $8.21 3.9$189,921 Exercised(908,844)$5.08 $62,063 Canceled/forfeited/expired(10,466)$93.57 Outstanding and Exercisable as of January 31, 20252,394,918 $9.02 2.6$187,284 There were no options granted for the fiscal years ended January 31, 2025, 2024 and 2023. The intrinsic value of the options exercised, which represents the difference between the fair market value of our common stock on the date of exercise and the exercise price of each option, was $62.1 million, $90.0 million, and $121.5 million during the fiscal years ended January 31, 2025, 2024, and 2023, respectively. As of January 31, 2025, all options have vested and there is no unrecognized stock-based compensation expense remaining.Restricted Stock Units A summary of RSU activity under our equity incentive plan and related information is as follows:RSUsUnvestedRSUsWeighted-AverageGrant Date Fair Value Per ShareUnvested as of January 31, 202426,040,557 $83.14 Granted13,811,816 $67.30 Vested(12,095,006)$85.54 Forfeited(3,886,854)$78.72 Unvested as of January 31, 202523,870,513 $73.48 As of January 31, 2025, unrecognized stock-based compensation expense related to outstanding unvested RSUs was $1,495.8 million, which is expected to be recognized over a weighted-average period of  2.6  years.For the fiscal year ended January 31, 2025, we granted 1.7 million 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