Tien Tzuo - Oct 15, 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
Oct 15, 2021
Transactions value $
-$802,163
Form type
4
Date filed
10/19/2021, 06:06 PM
Previous filing
Oct 5, 2021
Next filing
Dec 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Conversion of derivative security $0 +100 $0.00 100 Oct 15, 2021 By The Next Left Trust F1
transaction ZUO Class A Common Stock Sale -$2K -100 -100% $20.00 0 Oct 15, 2021 By The Next Left Trust F1, F2
transaction ZUO Class A Common Stock Conversion of derivative security $0 +39.9K $0.00 39.9K Oct 18, 2021 By the Next Left Trust F1
transaction ZUO Class A Common Stock Sale -$800K -39.9K -100% $20.05 0 Oct 18, 2021 By the Next Left Trust F1, F2, 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 Class B Common Stock Conversion of derivative security $0 -100 -0.01% $0.00 680K Oct 15, 2021 Class A Common Stock 100 By The Next Left Trust F1, F4
transaction ZUO Class B Common Stock Conversion of derivative security $0 -39.9K -5.86% $0.00 641K Oct 18, 2021 Class A Common Stock 39.9K By The Next Left Trust F1, F4
holding ZUO Class B Common Stock 7.01M Oct 15, 2021 Class A Common Stock 7.01M By 70 Thirty Trust F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is a trustee of The Next Left Trust.
F2 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $20.00 and the highest price at which shares were sold was $20.14. 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 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.
F5 The Reporting Person is a trustee of the 70 Thirty Trust.