Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ZUO | Class A Common Stock | Options Exercise | $0 | +66.7K | +2376.72% | $0.00 | 69.5K | Dec 31, 2022 | Direct | F1 |
transaction | ZUO | Class A Common Stock | Sale | -$147K | -23.3K | -33.61% | $6.32 | 46.1K | Jan 3, 2023 | Direct | F2 |
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 | -66.7K | -33.33% | $0.00 | 133K | Dec 31, 2022 | Class A Common Stock | 66.7K | Direct | F3, F4, F5 |
Id | Content |
---|---|
F1 | Includes 2,805 shares of Class A Common Stock acquired on December 14, 2022, pursuant to Zuora's employee stock purchase plan. |
F2 | 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 row one of Table I. |
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 three years, with 1/3 of the shares underlying the initial award vesting on December 31, 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. |
F5 | RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date. |