Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

As previously disclosed, on May 29, 2020, the Board of Directors (the "Board") of Zoom Video Communications, Inc. (the "Company") approved the appointment of Aparna Bawa, the Company's then-current Chief Legal Officer, General Counsel and Secretary, as the Company's Chief Operating Officer and interim Chief Legal Officer.

In connection with Ms. Bawa's promotion, on July 23, 2020, the Compensation Committee of the Board (the "Compensation Committee") approved an increase to Ms. Bawa's annual base salary to $400,000, effective August 1, 2020. The Compensation Committee also approved a restricted stock unit award to be granted to Ms. Bawa effective September 4, 2020 (the "RSU"). The number of shares of the Company's Class A Common Stock issuable under the RSU will be determined by dividing $7,000,000 by the average closing price of the Company's Class A Common Stock on The Nasdaq Global Select Market over the sixty (60) trading day period ending seven days prior to September 4, 2020 grant date and rounding up to the nearest whole share. The RSU vests as to 1/4th of the shares subject to the RSU on the one-year anniversary of the grant date, with 1/12th of the remaining shares vesting in equal quarterly installments over the next three years subject to Ms. Bawa's continuous service as of such vesting dates.

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