Joseph Osnoss - Jun 27, 2023 Form 4 Insider Report for ZUORA INC (ZUO)

Role: Director
Signature: /s/ Joseph Osnoss
Stock symbol: ZUO
Transactions as of: Jun 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/28/2023, 05:06 PM
Previous filing: May 2, 2023
Next filing: Apr 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Award	$0	+16.2K	+62.32%	$0.00	42.2K	Jun 27, 2023	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSU") automatically granted at Zuora Inc.'s (the "Issuer") annual meeting of stockholders on June 27, 2023. The RSUs will fully vest and convert into shares of the Issuer's Class A Common Stock on the earlier of (a) the date of the Issuer's 2024 annual meeting of stockholders and (b) the date that is one year following the RSU grant date, subject to continuous service through the vesting date.
F2	These securities are held by Mr. Osnoss for the benefit of Silver Lake Technology Management, L.L.C., certain of its affiliates or certain of the funds they manage ("Silver Lake"). Mr. Osnoss serves as a director of the Issuer. Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from such sale are expected to be remitted to Silver Lake and/or its limited partners. Mr. Osnoss, through his role at Silver Lake, may be deemed to have an indirect interest in the securities reported herein. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Mr. Osnoss is the beneficial owner of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and Mr. Osnoss disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any.

Content

Represents restricted stock units ("RSU") automatically granted at Zuora Inc.'s (the "Issuer") annual meeting of stockholders on June 27, 2023. The RSUs will fully vest and convert into shares of the Issuer's Class A Common Stock on the earlier of (a) the date of the Issuer's 2024 annual meeting of stockholders and (b) the date that is one year following the RSU grant date, subject to continuous service through the vesting date.

These securities are held by Mr. Osnoss for the benefit of Silver Lake Technology Management, L.L.C., certain of its affiliates or certain of the funds they manage ("Silver Lake"). Mr. Osnoss serves as a director of the Issuer. Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from such sale are expected to be remitted to Silver Lake and/or its limited partners. Mr. Osnoss, through his role at Silver Lake, may be deemed to have an indirect interest in the securities reported herein. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Mr. Osnoss is the beneficial owner of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and Mr. Osnoss disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any.