Tien Tzuo - Sep 30, 2021 Form 4 Insider Report for ZUORA INC (ZUO)

Signature
/s/ Jennifer Pileggi as attorney-in-fact for Tien Tzuo
Stock symbol
ZUO
Transactions as of
Sep 30, 2021
Transactions value $
-$499,093
Form type
4
Date filed
10/4/2021, 05:24 PM
Previous filing
Sep 1, 2021
Next filing
Oct 5, 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 +25K $0.00 25K Sep 30, 2021 Direct
transaction ZUO Class A Common Stock Sale -$415K -25K -100% $16.59 0 Sep 30, 2021 Direct F1, F2
transaction ZUO Class A Common Stock Options Exercise $0 +5K $0.00 5K Oct 1, 2021 Direct
transaction ZUO Class A Common Stock Sale -$84.5K -5K -100% $16.89 0 Oct 1, 2021 Direct F1, 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 Restricted Stock Units (RSU)(Class A) Options Exercise $0 -25K -12.5% $0.00 175K Sep 30, 2021 Class A Common Stock 25K Direct F4, F5, F6
transaction ZUO Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -5K -0.27% $0.00 1.85M Oct 1, 2021 Class B Common Stock 5K $3.04 Direct F7
transaction ZUO Class B Common Stock Options Exercise $0 +5K $0.00 5K Oct 1, 2021 Class A Common Stock 5K Direct F8
transaction ZUO Class B Common Stock Conversion of derivative security $0 -5K -100% $0.00* 0 Oct 1, 2021 Class A Common Stock 5K Direct F8
holding ZUO Class B Common Stock 681K Sep 30, 2021 Class A Common Stock 681K By The Next Left Trust F8, F9
holding ZUO Class B Common Stock 7.01M Sep 30, 2021 Class A Common Stock 7.01M By 70 Thirty Trust F8, F10
* 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 $16.35 and the highest price at which shares were sold was $17.00. 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 Represents the weighted average sale price. The lowest price at which shares were sold was $16.39 and the highest price at which shares were sold was $17.18. 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.
F4 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.
F5 The RSUs vest over four years, with 1/8 of the shares underlying the initial award vesting on September 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.
F6 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F7 This option is fully vested and exercisable.
F8 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.
F9 The Reporting Person is a trustee of The Next Left Trust.
F10 The Reporting Person is a trustee of the 70 Thirty Trust.