Kenneth A. Goldman - Feb 1, 2022 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Director
Signature
/s/ Jennifer Pileggi as attorney-in-fact for Kenneth A. Goldman
Stock symbol
ZUO
Transactions as of
Feb 1, 2022
Transactions value $
$0
Form type
4
Date filed
2/3/2022, 03:11 PM
Previous filing
Mar 17, 2022
Next filing
Apr 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Award $0 +3.03K +7.25% $0.00 44.8K Feb 1, 2022 Direct F1
holding ZUO Class A Common Stock 1.39K Feb 1, 2022 By Goldman-Valeriote Family Trust u/a/d 11/15/95 F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's Non-Employee Director Compensation Program, the Reporting Person has elected to receive restricted stock units ("RSUs") in lieu of the cash compensation fees payable for services on the Issuer's Board of Directors and any committees thereof. The number of RSUs granted to the Reporting Person represents the quotient of (i) all applicable annual retainer fees divided by (ii) the closing price of the Issuer's Class A Common Stock on the date of grant. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting. The RSUs vest as to 1/4 of the shares underlying the initial award on each of March 31, 2022, June 30, 2022, September 30, 2022 and December 31, 2022, so long as the Reporting Person continues to provide services to the Issuer through each such vesting date.
F2 Reporting Person is a trustee of the Trust and may be deemed to have voting and dispositive power with regard to the shares held by the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust except to the extent of his proportionate pecuniary interest therein.