Todd McElhatton - 30 Sep 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: 30 Sep 2021
Net transactions value: -$237,419
Form type: 4
Filing time: 04 Oct 2021, 17:18:43 UTC
Previous filing: 01 Sep 2021
Next filing: 13 Oct 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	+9,375	+35%	$0.000000	35,977	30 Sep 2021	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+18,750	+52%	$0.000000	54,727	30 Sep 2021	Direct
transaction	ZUO	Class A Common Stock	Sale	$237,419	-14,123	-26%	$16.81	40,604	01 Oct 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	-9,375	-8.3%	$0.000000	103,125	30 Sep 2021	Class A Common Stock	9,375		Direct	F2, F3, F4
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-18,750	-6.7%	$0.000000	262,500	30 Sep 2021	Class A Common Stock	18,750		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.