Sri Srinivasan - 01 Sep 2021 Form 4 Insider Report for ZUORA INC

Role
Chief Product & Tech Officer
Signature
/s/ Jennifer Pileggi as attorney-in-fact for Sri Srinivasan
Issuer symbol
N/A
Transactions as of
01 Sep 2021
Net transactions value
$0
Form type
4
Filing time
02 Sep 2021, 17:36:26 UTC
Next filing
04 Jan 2022
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 Restricted Stock Units (RSU)(Class A) Award $0 +120,000 $0.000000 120,000 01 Sep 2021 Class A Common Stock 120,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting for no consideration.
F2 The RSUs vest over three years, with 1/3 of the shares underlying the initial award vesting on June 30, 2022, and the remaining shares vesting as to 1/3 of the shares underlying the initial award on each of June 30, 2023 and June 30, 2024, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
F3 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.