Tien Tzuo - 07 Jun 2022 Form 4 Insider Report for ZUORA INC

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Sylvia Lexington as attorney-in-fact for Tien Tzuo
Issuer symbol
N/A
Transactions as of
07 Jun 2022
Net transactions value
$0
Form type
4
Filing time
09 Jun 2022, 17:27:30 UTC
Previous filing
04 Apr 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

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 -100,000 -5.5% $0.000000 1,721,285 07 Jun 2022 Class B Common Stock 100,000 $3.04 Direct F1, F2
transaction ZUO Class B Common Stock Options Exercise $0 +100,000 $0.000000 100,000 07 Jun 2022 Class A Common Stock 100,000 Direct F3
transaction ZUO Class B Common Stock Gift $0 -100,000 -100% $0.000000* 0 07 Jun 2022 Class A Common Stock 100,000 Direct F3
transaction ZUO Class B Common Stock Gift $0 +100,000 +1.4% $0.000000 7,106,809 07 Jun 2022 Class A Common Stock 100,000 By 70 Thirty Trust F3, F4
holding ZUO Class B Common Stock 640,542 07 Jun 2022 Class A Common Stock 640,542 By The Next Left Trust F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is a cash exercise for 100,000 shares of Class B Common Stock under a stock option granted to Mr. Tzuo on November 18, 2014. Upon exercise of the option, the 100,000 shares will retain their status as Class B Common Stock. This transaction does not involve a trade in the open market.
F2 This option is fully vested and exercisable.
F3 Each share of the Issuer's Class B Common Stock is convertible 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.
F4 The Reporting Person is a trustee of the 70 Thirty Trust.
F5 The Reporting Person is a trustee of The Next Left Trust.