Todd McElhatton - Jun 30, 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: Jun 30, 2022
Transactions value $: -$162,038
Form type: 4
Date filed: 7/5/2022, 07:35 PM
Previous filing: Jun 2, 2022
Next filing: Jul 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+9.38K	+16.06%	$0.00	67.7K	Jun 30, 2022	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+18.8K	+27.68%	$0.00	86.5K	Jun 30, 2022	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+20.8K	+24.09%	$0.00	107K	Jun 30, 2022	Direct
transaction	ZUO	Class A Common Stock	Sale	-$162K	-18.1K	-16.9%	$8.93	89.2K	Jul 1, 2022	Direct	F1

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	-9.38K	-11.11%	$0.00	75K	Jun 30, 2022	Class A Common Stock	9.38K		Direct	F2, F3, F4
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-18.8K	-8.33%	$0.00	206K	Jun 30, 2022	Class A Common Stock	18.8K		Direct	F2, F4, F5
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-20.8K	-8.33%	$0.00	229K	Jun 30, 2022	Class A Common Stock	20.8K		Direct	F2, F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares sold to satisfy the Reporting Person's tax liability in connection with the issuance of Class A Common Stock resulting from the vesting of restricted stock units ("RSUs") as reported in rows one, two and three of Table I.
F2	Each RSU represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting for no consideration.
F3	The RSUs vest over four years, with 1/4 of the shares underlying the initial award vesting on June 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.
F4	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F5	The RSUs vest over four years, with 1/16 of the shares underlying the initial award vesting on June 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.
F6	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 Zuora through each vesting date.