Timothy M. Haley - Feb 1, 2022 Form 4 Insider Report for ZUORA INC (ZUO)

Role: Director
Signature: /s/ Jennifer Pileggi as attorney-in-fact for Timothy M. Haley
Stock symbol: ZUO
Transactions as of: Feb 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/3/2022, 03:13 PM
Previous filing: Jan 4, 2022
Next filing: Feb 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Award	$0	+2.83K	+28%	$0.00	12.9K	Feb 1, 2022	Direct	F1
holding	ZUO	Class A Common Stock						34.2K	Feb 1, 2022	By Haley-McGourty Partners
holding	ZUO	Class A Common Stock						157K	Feb 1, 2022	By Haley-McGourty Family Trust U/D/T 9/27/96

* 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.

Content

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.