Todd McElhatton - Sep 30, 2021 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chief Financial Officer
Signature
/s/ Jennifer Pileggi as attorney-in-fact for Todd McElhatton
Stock symbol
ZUO
Transactions as of
Sep 30, 2021
Transactions value $
-$237,419
Form type
4
Date filed
10/4/2021, 05:18 PM
Previous filing
Sep 1, 2021
Next filing
Oct 13, 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 +9.38K +35.24% $0.00 36K Sep 30, 2021 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +18.8K +52.12% $0.00 54.7K Sep 30, 2021 Direct
transaction ZUO Class A Common Stock Sale -$237K -14.1K -25.81% $16.81 40.6K Oct 1, 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) Options Exercise $0 -9.38K -8.33% $0.00 103K Sep 30, 2021 Class A Common Stock 9.38K Direct F2, F3, F4
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -18.8K -6.67% $0.00 263K Sep 30, 2021 Class A Common Stock 18.8K Direct F2, F4, F5
* 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 1/4 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.
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 1/16 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.