Tien Tzuo - Dec 7, 2021 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Jennifer Pileggi as attorney-in-fact for Tien Tzuo
Stock symbol
ZUO
Transactions as of
Dec 7, 2021
Transactions value $
-$200,803
Form type
4
Date filed
12/8/2021, 05:03 PM
Previous filing
Oct 19, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Options Exercise $0 +10K $0.00 10K Dec 7, 2021 Direct
transaction ZUO Class A Common Stock Sale -$201K -10K -100% $20.08 0 Dec 7, 2021 Direct F1, F2

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 Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -10K -0.54% $0.00 1.84M Dec 7, 2021 Class B Common Stock 10K $3.04 Direct F3
transaction ZUO Class B Common Stock Options Exercise $0 +10K $0.00 10K Dec 7, 2021 Class A Common Stock 10K Direct F4
transaction ZUO Class B Common Stock Conversion of derivative security $0 -10K -100% $0.00* 0 Dec 7, 2021 Class A Common Stock 10K Direct F4
holding ZUO Class B Common Stock 641K Dec 7, 2021 Class A Common Stock 641K By The Next Left Trust F4, F5
holding ZUO Class B Common Stock 7.01M Dec 7, 2021 Class A Common Stock 7.01M By 70 Thirty Trust F4, F6
* 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 $19.55 and the highest price at which shares were sold was $20.37. 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 This option is fully vested and exercisable.
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 Next Left Trust.
F6 The Reporting Person is a trustee of the 70 Thirty Trust.