Todd McElhatton - Mar 1, 2022 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chief Financial Officer
Signature
/s/ Sylvia Lexington as attorney-in-fact for Todd McElhatton
Stock symbol
ZUO
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 07:55 PM
Previous filing
Jan 12, 2022
Next filing
Apr 4, 2022

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) Award $0 +250K $0.00 250K Mar 1, 2022 Class A Common Stock 250K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The RSUs vest over three years, with 1/12 of the shares underlying the initial award vesting on June 30, 2022, and the remaining shares vesting as to 1/12 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.
F3 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.