# EDGAR Filing Document

**Accession Number:** 0001364713
**File Stem:** 0001585521-23-000041
**Filing Date:** 2023-3
**Character Count:** 10908
**Document Hash:** aa8220692d24134033945d1add73597d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001585521-23-000041.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0001585521-23-000041

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230301

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230303

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Steckelberg Kelly
- **CENTRAL INDEX KEY:** 0001364713

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38865
- **FILM NUMBER:** 23706539

**MAIL ADDRESS:**
- **STREET 1:** C/O ZOOM VIDEO COMMUNICATIONS, INC.
- **STREET 2:** 55 ALMADEN BOULEVARD, 6TH FLOOR
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95113
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zoom Video Communications, Inc.
- **CENTRAL INDEX KEY:** 0001585521
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 611648780
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**BUSINESS ADDRESS:**
- **STREET 1:** 55 ALMADEN BOULEVARD, 6TH FLOOR
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95113
- **BUSINESS PHONE:** (888) 799-9666

**MAIL ADDRESS:**
- **STREET 1:** 55 ALMADEN BOULEVARD, 6TH FLOOR
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95113

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Steckelberg Kelly<br><sub>(Last) (First) (Middle)</sub><br>C/O ZOOM VIDEO COMMUNICATIONS, INC.<br>55 ALMADEN BOULEVARD, 6TH FLOOR<br><sub>(Street)</sub><br>SAN JOSE, CA 95113<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Financial Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Zoom Video Communications, Inc. [ ZM ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-03-01 |  | C |  | 3224 | A | $0 | 3224 | D |  |
| Class A Common Stock | 2023-03-01 |  | S<sup>(1)</sup> |  | 1551 | D | 69.7249<sup>(2)</sup> | 1673 | D |  |
| Class A Common Stock | 2023-03-01 |  | S<sup>(1)</sup> |  | 891 | D | 70.8396<sup>(3)</sup> | 782 | D |  |
| Class A Common Stock | 2023-03-01 |  | S<sup>(1)</sup> |  | 376 | D | 72.567<sup>(4)</sup> | 406 | D |  |
| Class A Common Stock | 2023-03-01 |  | S<sup>(1)</sup> |  | 306 | D | 74.2767<sup>(5)</sup> | 100 | D |  |
| Class A Common Stock | 2023-03-01 |  | S<sup>(1)</sup> |  | 100 | D | $75.39 | 0 | D |  |
| Class A Common Stock |  |  |  |  |  |  |  | 26949 | I | See footnote<sup>(6)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Employee Stock Option (right to buy) | $1.31 | 2023-03-01 |  | M |  |  | 3224 | <sup>(7)</sup> | 2028-01-06 | Class B Common Stock<sup>(8)</sup> | 3224.0 | $0 | 698156 | D |  |
| Class B Common Stock | $0.0 | 2023-03-01 |  | M |  | 3224 |  | <sup>(8)</sup> | <sup>(8)</sup> | Class A Common Stock | 3224.0 | $0 | 3224 | D |  |
| Class B Common Stock | $0.0 | 2023-03-01 |  | C |  |  | 3224 | <sup>(8)</sup> | <sup>(8)</sup> | Class A Common Stock | 3224.0 | $0 | 0 | D |  |
| Employee Stock Option (right to buy) | $3.77 |  |  |  |  |  |  | <sup>(9)</sup> | 2028-09-24 | Class B Common Stock<sup>(8)</sup> | 100000.0 |  | 100000 | D |  |
| Restricted Stock Units | <sup>(10)</sup> |  |  |  |  |  |  | <sup>(11)</sup> | <sup>(11)</sup> | Class A Common Stock | 260064.0 |  | 260064 | D |  |
| Restricted Stock Units | <sup>(10)</sup> |  |  |  |  |  |  | <sup>(12)</sup> | <sup>(12)</sup> | Class A Common Stock | 6315.0 |  | 6315 | D |  |

---

### Footnotes:

(1) The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

(2) The price reported in column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $69.45 to $70.25. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.

(3) The price reported in column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $70.53 to $71.12. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.

(4) The price reported in column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $72.26 to $72.91.  The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.

(5) The price reported in column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $74.17 to $74.38. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.

(6) The shares are held of record by Kelly Steckelberg Trust dated July 29, 2006, for which the Reporting Person serves as trustee.

(7) 1/4 of the shares subject to the option vested on November 6, 2018, and 1/48 of the shares vest monthly thereafter. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.

(8) Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.

(9) 1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.

(10) Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock.

(11) The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years.

(12) The reporting person received an award of restricted stock units on April 8, 2022, 100% of which will vest on the first anniversary date of the grant.

**Signature:** /s/ Aparna Bawa, Attorney-in-Fact  
**Date:** 2023-03-03

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**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 Number.**