Jennifer Pileggi - Aug 30, 2021 Form 4 Insider Report for ZUORA INC (ZUO)

Role
SVP, GC and Corp. Secretary
Signature
/s/ Jennifer Pileggi
Stock symbol
ZUO
Transactions as of
Aug 30, 2021
Transactions value $
-$1,929,095
Form type
4
Date filed
9/1/2021, 05:45 PM
Previous filing
Jul 13, 2021
Next filing
Sep 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Options Exercise $0 +12.4K +87.6% $0.00 26.6K Aug 30, 2021 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +62.1K +233.42% $0.00 88.8K Aug 30, 2021 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +33.3K +37.55% $0.00 122K Aug 30, 2021 Direct
transaction ZUO Class A Common Stock Sale -$1.93M -114K -93.37% $16.92 8.1K Aug 30, 2021 Direct F1, F2
holding ZUO Class A Common Stock 50K Aug 30, 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 -12.4K -37.3% $0.00 20.9K Aug 30, 2021 Class B Common Stock 12.4K $3.48 Direct F1, F4
transaction ZUO Class B Common Stock Options Exercise $0 +12.4K $0.00 12.4K Aug 30, 2021 Class A Common Stock 12.4K $0.00 Direct F1, F5
transaction ZUO Class B Common Stock Conversion of derivative security $0 -12.4K -100% $0.00* 0 Aug 30, 2021 Class A Common Stock 12.4K $0.00 Direct F5
transaction ZUO Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -62.1K -71.02% $0.00 25.4K Aug 30, 2021 Class B Common Stock 62.1K $7.94 Direct F1, F6
transaction ZUO Class B Common Stock Options Exercise $0 +62.1K $0.00 62.1K Aug 30, 2021 Class A Common Stock 62.1K $0.00 Direct F1, F5
transaction ZUO Class B Common Stock Conversion of derivative security $0 -62.1K -100% $0.00* 0 Aug 30, 2021 Class A Common Stock 62.1K $0.00 Direct F5
transaction ZUO Stock Option (Right to buy Class A Common Stock) Options Exercise $0 -33.3K -33.33% $0.00 66.7K Aug 30, 2021 Class A Common Stock 33.3K $11.53 Direct F1, F7
* 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 $16.56 and the highest price at which shares were sold was $17.03. 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.
F6 The option vests over four years, with 1/48 of the shares vesting on March 8, 2018 and the remaining shares vesting as to 1/48 of the award monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
F7 The option vests over four years, with 1/48 of the shares vesting on May 1, 2020 and the remaining shares vesting as to 1/48 of the award monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.