Tien Tzuo - 30 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: 30 Jun 2022
Net transactions value: -$111,010
Form type: 4
Filing time: 05 Jul 2022, 19:30:02 UTC
Previous filing: 04 Jan 2023
Next filing: 21 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+12,500		$0.000000	12,500	30 Jun 2022	Direct
transaction	ZUO	Class A Common Stock	Sale	$111,010	-12,500	-100%	$8.88	0	30 Jun 2022	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	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-12,500	-8.3%	$0.000000	137,500	30 Jun 2022	Class A Common Stock	12,500		Direct	F3, F4, F5
holding	ZUO	Class B Common Stock						7,106,809	30 Jun 2022	Class A Common Stock	7,106,809		By 70 Thirty Trust	F6, F7
holding	ZUO	Class B Common Stock						640,542	30 Jun 2022	Class A Common Stock	640,542		By The Next Left Trust	F6, F8

* 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 $8.62 and the highest price at which shares were sold was $9.03. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, Zuora 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	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting for no consideration.
F4	The RSUs vest over four years, with 1/8 of the shares underlying the initial award vesting on September 30, 2021 and the remaining shares vesting as to 1/16 of the shares underlying the initial award quarterly thereafter, so long as the Reporting Person continues to provide services to Zuora through each vesting date.
F5	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F6	Each share of Zuora's Class B Common Stock is convertible into one share of Zuora'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 Zuora'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 Zuora's common stock, and has no expiration date.
F7	The Reporting Person is a trustee of the 70 Thirty Trust.
F8	The Reporting Person is a trustee of The Next Left Trust.