Todd McElhatton - 30 Sep 2022 Form 4 Insider Report for ZUORA INC

Role: Chief Financial Officer
Signature: /s/ Sylvia Lexington as attorney-in-fact for Todd McElhatton
Issuer symbol: N/A
Transactions as of: 30 Sep 2022
Net transactions value: -$179,164
Form type: 4
Filing time: 04 Oct 2022, 18:22:56 UTC
Previous filing: 13 Jul 2022
Next filing: 12 Oct 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	+9,375	+12%	$0.000000	88,560	30 Sep 2022	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+18,750	+21%	$0.000000	107,310	30 Sep 2022	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+20,833	+19%	$0.000000	128,143	30 Sep 2022	Direct
transaction	ZUO	Class A Common Stock	Sale	$179,164	-25,290	-20%	$7.08	102,853	03 Oct 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	-9,375	-12%	$0.000000	65,625	30 Sep 2022	Class A Common Stock	9,375		Direct	F3, F4, F5
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-18,750	-9.1%	$0.000000	187,500	30 Sep 2022	Class A Common Stock	18,750		Direct	F3, F5, F6
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-20,833	-9.1%	$0.000000	208,334	30 Sep 2022	Class A Common Stock	20,833		Direct	F3, F5, F7

* 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	Represents the weighted average sale price. The lowest price at which shares were sold was $7.0759 and the highest price at which shares were sold was $7.3922. 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 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 1/4 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.
F5	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F6	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.
F7	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.