Gassner Peter P 4
4 · Zoom Video Communications, Inc. · Filed Mar 21, 2023
Insider Transaction Report
Form 4
Gassner Peter P
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2023-03-18+236→ 4,057 total - Exercise/Conversion
Restricted Stock Units
2023-03-18−236→ 237 total→ Class A Common Stock (236 underlying)
Holdings
- 1,202,720
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (1,202,720 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F2]The Reporting Person received an award of restricted stock units on June 18, 2020, which vest in equal installments on each quarterly anniversary date.
- [F3]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.