Jennifer Pileggi - 14 Jun 2021 Form 4 Insider Report for ZUORA INC

Role
SVP, GC and Corp. Secretary
Signature
/s/ Jennifer Pileggi
Issuer symbol
N/A
Transactions as of
14 Jun 2021
Net transactions value
-$266,674
Form type
4
Filing time
16 Jun 2021, 17:28:13 UTC
Previous filing
14 Jun 2021
Next filing
24 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Conversion of derivative security $0 +16,735 +207% $0.000000 24,830 14 Jun 2021 Direct
transaction ZUO Class A Common Stock Sale $266,674 -16,735 -67% $15.94 8,095 14 Jun 2021 Direct F1, F2
holding ZUO Class A Common Stock 50,000 14 Jun 2021 By The Bradley and Jennifer Pileggi Trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZUO Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -16,735 -26% $0.000000 48,264 14 Jun 2021 Class B Common Stock 16,735 $3.28 Direct F1, F4
transaction ZUO Class B Common Stock Options Exercise $0 +16,735 $0.000000 16,735 14 Jun 2021 Class A Common Stock 16,735 $0.000000 Direct F1, F5
transaction ZUO Class B Common Stock Conversion of derivative security $0 -16,735 -100% $0.000000* 0 14 Jun 2021 Class A Common Stock 16,735 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $15.61 and the highest price at which shares were sold was $16.19. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote.
F3 The securities are held of record by The Bradley and Jennifer Pileggi Trust, of which the Reporting Person is a trustee.
F4 The option is fully vested and exercisable.
F5 Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer, except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the issuer's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the issuer's common stock, and has no expiration date.

Remarks:

Table I of this Form 4 reflects revised direct holdings as described in Form 4/A filed on June 14, 2021.