Sec Form 4 Filing - Eschenbach Carl M. @ Zoom Video Communications, Inc. - 2019-12-09

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Eschenbach Carl M. 2. Issuer Name and Ticker or Trading Symbol Zoom Video Communications, Inc. [ ZM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2800 SAND HILL ROAD, SUITE 101 3. Date of Earliest Transaction (MM/DD/YY) 12/09/2019 (Street) MENLO PARK, CA94025 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 12/09/2019 C 647,046 A $ 0 647,046 I Sequoia Capital Global Growth Fund II, L.P. ( 1 ) ( 2 ) ( 3 ) Class A Common Stock 12/09/2019 C 8,021 A $ 0 8,021 I Sequoia Capital Global Growth II Principals Fund, L.P. ( 1 ) ( 2 ) ( 3 ) Class A Common Stock 12/09/2019 C 1,881,643 A $ 0 1,881,643 I Sequoia Capital U.S. Growth Fund VII, LP ( 4 ) ( 5 ) Class A Common Stock 12/09/2019 C 122,450 A $ 0 122,450 I Sequoia Capital U.S. Growth VII Principals Fund, LP ( 4 ) ( 5 ) Class A Common Stock 12/09/2019 C 38,908 A $ 0 38,908 I Sequoia Capital U.S. Growth Fund V, LP ( 6 ) ( 7 ) Class A Common Stock 12/09/2019 J( 8 ) 647,046 D $ 0 0 I Sequoia Capital Global Growth Fund II, L.P. ( 1 ) ( 2 ) ( 3 ) Class A Common Stock 12/09/2019 J( 8 ) 8,021 D $ 0 0 I Sequoia Capital Global Growth II Principals Fund, L.P. ( 1 ) ( 2 ) ( 3 ) Class A Common Stock 12/09/2019 J( 8 ) 1,881,643 D $ 0 0 I Sequoia Capital U.S. Growth Fund VII, LP ( 4 ) ( 5 ) Class A Common Stock 12/09/2019 J( 8 ) 122,450 D $ 0 0 I Sequoia Capital U.S. Growth VII Principals Fund, LP ( 4 ) ( 5 ) Class A Common Stock 12/09/2019 J( 8 ) 38,908 D $ 0 0 I Sequoia Capital U.S. Growth Fund V, LP ( 6 ) ( 7 ) Class A Common Stock 12/09/2019 J( 9 ) 65,451 A $ 0 130,385 I By estate planning vehicle

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class B Common Stock ( 10 ) 12/09/2019 C 647,046 ( 10 ) ( 10 ) Class A Common Stock 647,046 $ 0 5,176,371 I Sequoia Capital Global Growth Fund II, L.P. ( 1 ) ( 2 ) ( 3 ) Class B Common Stock ( 10 ) 12/09/2019 C 8,021 ( 10 ) ( 10 ) Class A Common Stock 8,021 $ 0 64,163 I Sequoia Capital Global Growth II Principals Fund, L.P. ( 1 ) ( 2 ) ( 3 ) Class B Common Stock ( 10 ) 12/09/2019 C 1,881,643 ( 10 ) ( 10 ) Class A Common Stock 1,881,643 $ 0 15,053,148 I Sequoia Capital U.S. Growth Fund VII, LP ( 4 ) ( 5 ) Class B Common Stock ( 10 ) 12/09/2019 C 122,450 ( 10 ) ( 10 ) Class A Common Stock 122,450 $ 0 979,599 I Sequoia Capital U.S. Growth VII Principals Fund, LP ( 4 ) ( 5 ) Class B Common Stock ( 10 ) 12/09/2019 C 38,908 ( 10 ) ( 10 ) Class A Common Stock 38,908 $ 0 155,630 I Sequoia Capital U.S. Growth Fund V, LP ( 6 ) ( 7 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Eschenbach Carl M. 2800 SAND HILL ROAD, SUITE 101 MENLO PARK, CA94025 X X Signatures /s/ Jung Yeon Son, Attorney-In-Fact 12/11/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )SC US (TTGP), Ltd. is the general partner of SC Global Growth II Management, L.P., which is the general partner of each of Sequoia Capital Global Growth Fund II, L.P. and Sequoia Capital Global Growth II Principals Fund, L.P. or collectively, the SC GGFII Funds. As a result, SC US (TTGP), Ltd. and SC Global Growth II Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by the SC GGFII Funds. In addition, the directors and stockholders of SC US (TTGP), Ltd. who exercise voting and investment discretion with respect to the SC GGFII Funds are Messrs. Douglas M. Leone and Michael Abramson. As a result, and by virtue of the relationships described in this footnote, each such person may be deemed to share voting and dispositive power with respect to the shares held by the SC GGFII Funds. ( 2 )(Continued from footnote 1) Each of Messrs. Douglas M. Leone and Michael Abramson, SC US (TTGP), Ltd. and SC Global Growth II Management, L.P. disclaims beneficial ownership of the securities held by the SC GGFII Funds except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. ( 3 )The Reporting Person is a non-managing member of SC Global Growth II Management, L.P. SC Global Growth II Management, L.P. is the general partner of each of Sequoia Capital Global Growth Fund II, L.P. and Sequoia Capital Global Growth II Principals Fund, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. ( 4 )SC US (TTGP), Ltd. is the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VII, LP and Sequoia Capital U.S. Growth VII Principals Fund, LP or collectively, the SC US GFVII Funds. As a result, SC US (TTGP), Ltd. and SC U.S. Growth VII Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by the SC US GFVII Funds. Each of SC US (TTGP), Ltd. and SC U.S. Growth VII Management, L.P. disclaims beneficial ownership of the securities held by the SC US GFVII Funds except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. ( 5 )The Reporting Person is a managing member of SC U.S. Growth VII Management, L.P. SC U.S. Growth VII Management, L.P. is the partner of each of Sequoia Capital U.S. Growth Fund VII, LP and Sequoia Capital U.S. Growth VII Principals Fund. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. ( 6 )SC US (TTGP), Ltd. is the general partner of SCGF V Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund V, LP. As a result, SC US (TTGP), Ltd. and SCGF V Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by Sequoia Capital U.S. Growth Fund V, LP. Each of SC US (TTGP), Ltd. and SCGF V Management, L.P. disclaims beneficial ownership of the securities held by Sequoia Capital U.S. Growth Fund V, LP. except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. ( 7 )The Reporting Person is a non-managing member of SCGF V Management, L.P. SCGF V Management, L.P. is the general partner of Sequoia Capital U.S. Growth Fund V, LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose. ( 8 )Represents a pro rata distribution of Class A Common Stock of the Issuer to partners or members for no consideration and includes subsequent distributions by general partners or managing members to their respective partners or members. ( 9 )Represents the receipt of shares of Class A Common Stock of the Issuer by virtue of the pro rata in-kind distributions described in footnote (8) above. ( 10 )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.

Remarks: Exhibit 24.1 - Power of Attorney of Carl M. Eschenbach

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