Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 290

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 8
Chunk 290
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 any specific number of shares and may be discontinued at any time.During the three months ended April 30, 2025, we repurchased and subsequently retired 5,561,920 shares of our Class A common stock for an aggregate amount of $418.0 million. As of April 30, 2025, $1.2 billion of the repurchase authorization remained available.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(355,620) $2.68 $27,922 Canceled/forfeited/expired(797) $94.87 Outstanding and exercisable as of April 30, 20252,038,501  $10.10 2.6$138,977 As of April 30, 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 Granted2,576,206 $72.15 Vested(4,016,633)$75.24 Canceled/forfeited(1,040,386)$72.04 Unvested as of April 30, 202521,389,700 $73.10 As of April 30, 2025, unrecognized stock-based compensation expense related to RSUs was $1,405.1 million, which is expected to be recognized over a weighted-average period of 2.6 years.For the three months ended April 30, 2025, we granted 0.7 million RSUs that contain both service and