Magdalena Yesil - 09 Jul 2021 Form 4 Insider Report for ZUORA INC

Role: Director
Signature: /s/ Jennifer Pileggi as attorney-in-fact for Magdalena Yesil
Issuer symbol: N/A
Transactions as of: 09 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 13 Jul 2021, 16:48:57 UTC
Previous filing: 08 Jul 2021
Next filing: 01 Sep 2021
SEC: View on sec.gov

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	-101,561	-100%	$0.000000^*	0	09 Jul 2021	Class B Common Stock	101,561	$5.16	Direct	F1
transaction	ZUO	Class B Common Stock	Options Exercise	$0	+101,561		$0.000000	101,561	09 Jul 2021	Class A Common Stock	101,561		Direct	F2

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

Explanation of Responses:

Id	Content
F1	This option is fully vested.
F2	Each share of the Issuer's Class B Common Stock will convert into one 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.

Content

This option is fully vested.

Each share of the Issuer's Class B Common Stock will convert into one 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.