MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Market Price of Our Class A Common Stock
−Removed: Our Class A common stock has been listed on the Nasdaq Global Select Market under the symbol “ZM” since April 18, 2019.
−Removed: Prior to that date, there was no public trading market for our Class A common stock.
+Added: Market Information
+Added: Our Class A common stock is listed on the Nasdaq Global Select Market under the symbol “ZM.”
Holders of Record
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Unregistered Sales of Equity Securities
−Removed: From February 1, 2019 through April 23, 2019 (the date of the filing of our registration statement on Form S-8, File No.
−Removed: 333-230997), we granted to our directors, officers, employees, consultants, and other service providers options to purchase an aggregate of 1,147,500 shares of our Class B common stock and 177,150 shares of our Class A common stock under our equity incentive plans at exercise prices ranging from $16.72 to $36.00 per share.
−Removed: From February 1, 2019 through April 23, 2019 (the date of the filing of our registration statement on Form S-8, File No.
−Removed: 333-230997), we issued and sold to our directors, officers, employees, consultants, and other service providers an aggregate of 13,549,333 shares of our Class B common stock upon the exercise of options issued under our equity incentive plans at exercise prices ranging from $0.02 to $16.72 per share, for an aggregate exercise price of $1,794,505.
−Removed: On April 23, 2019, we sold 2,777,777 shares of our Class A common stock to Salesforce Ventures LLC at $36.00 per share in a concurrent private placement with our IPO.
−Removed: We received aggregate proceeds of $100.0 million and did not pay any underwriting discounts or commissions with respect to the shares of Class A common stock that were sold in this private placement.
−Removed: On April 23, 2019, we issued (1) 140,950 shares of our Class A common stock to Dropbox, Inc.
−Removed: and (2) 285,273 shares of our Class A common stock to Atlassian, Inc., each in connection with the automatic conversion of outstanding convertible promissory notes upon the closing of our IPO.
−Removed: None of the foregoing transactions involved any underwriters, underwriting discounts or commissions, or any public offering.
−Removed: Unless otherwise stated, the sales of the above securities were deemed to be exempt from registration under the Securities Act in reliance on Section 4(a)(2) of the Securities Act (and Regulation D or Regulation S promulgated thereunder) or Rule 701 promulgated under Section 3(b) of the Securities Act as transactions by an issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule 701.
−Removed: The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were placed on the share certificates issued in these transactions.
−Removed: All recipients had adequate access, through their relationships with us, to information about us.
−Removed: The sales of these securities were made without any general solicitation or advertising.
Use of Proceeds
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Immediately subsequent to the closing of our IPO, Salesforce Ventures LLC purchased 2,777,777 shares of our Class A common stock from us at $36.00 per share in a concurrent private placement.
−Removed: There has been no material change in the planned use of proceeds from the IPO as described in our final prospectus dated April 17, 2019 (“Prospectus”) filed with the SEC pursuant to Rule 424(b) under the Securities Act.
+Added: We have applied all of the $469.5 million of net proceeds from the IPO for the purposes described in our final prospectus dated April 17, 2019 filed with the SEC pursuant to Rule 424(b) under the Securities Act.
Issuer Purchases of Equity Securities
2 unchanged sentences
The consolidated statements of operations data for each of the fiscal years ended January 31, 2021, 2020, and 2019, and the consolidated balance sheets data as of January 31, 2021 and 2020, are derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: The consolidated statement of operations data for the fiscal year ended January 31, 2017, and the consolidated balance sheet data as of January 31, 2018, are derived from our audited consolidated financial statements not included in this Annual Report on Form 10-K.
+Added: The consolidated statement of operations data for the fiscal years ended January 31, 2018 and 2017 and the consolidated balance sheet data as of January 31, 2019 and 2018 are derived from our audited consolidated financial statements not included in this Annual Report on Form 10-K.
Our historical results are not necessarily indicative of our future results.
18 unchanged sentences
Interest income and other, net 18,186 13,666 2,182 1,315 158
−Removed: Net income (loss) before provision for income taxes 26,362 8,349 (3,518) 158
+Added: Income (loss) before provision for income taxes 678,034 26,362 8,349 (3,518) 158
Provision for income taxes 5,718 1,057 765 304 172
30 unchanged sentences
Convertible promissory notes, net (1)
+Added: $ — $ — $ 14,858 $ —
Convertible preferred stock $ — $ — $ 159,552 $ 159,552
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.