Todd McElhatton - 25 Feb 2021 Form 4 Insider Report for ZUORA INC

Role: Chief Financial Officer
Signature: /s/ Jennifer Pileggi as attorney-in-fact for Todd McElhatton
Issuer symbol: N/A
Transactions as of: 25 Feb 2021
Net transactions value: -$348,596
Form type: 4
Filing time: 02 Jul 2021, 19:36:28 UTC
Next filing: 01 Sep 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	Options Exercise	$0	+37,500		$0.000000	37,500	30 Jun 2021	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+18,750	+50%	$0.000000	56,250	30 Jun 2021	Direct
transaction	ZUO	Class A Common Stock	Sale	$348,596	-20,348	-36%	$17.13	35,902	01 Jul 2021	Direct	F1

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	Restricted Stock Units (RSU)(Class A)	Award	$0	+300,000		$0.000000	300,000	25 Feb 2021	Class A Common Stock	300,000		Direct	F2, F3, F4
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-37,500	-25%	$0.000000	112,500	30 Jun 2021	Class A Common Stock	37,500		Direct	F2, F4, F5
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-18,750	-6.2%	$0.000000	281,250	30 Jun 2021	Class A Common Stock	18,750		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Shares sold to satisfy the Reporting Person's tax liability in connection with the issuance of Class A Common Stock resulting from the vesting of restricted stock units ("RSUs") as reported in rows one and two of Table I.
F2	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting for no consideration.
F3	The RSUs vest over four years, with 1/16 of the shares underlying the initial award vesting on June 30, 2021, and the remaining shares vesting as to 1/16 of the shares underlying the initial award quarterly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
F4	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F5	The RSUs vest over four years, with 1/4 of the shares underlying the initial award vesting on June 30, 2021, and the remaining shares vesting as to 1/16 of the shares underlying the initial award quarterly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.