Andrew M. Cohen - 31 Dec 2022 Form 4 Insider Report for ZUORA INC

Role
CLO and Corp. Secretary
Signature
/s/ Sylvia Lexington as attorney-in-fact for Andrew M. Cohen
Issuer symbol
N/A
Transactions as of
31 Dec 2022
Net transactions value
-$147,464
Form type
4
Filing time
04 Jan 2023, 17:08:22 UTC
Previous filing
16 Feb 2022
Next filing
04 Apr 2023
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 +66,667 +2377% $0.000000 69,472 31 Dec 2022 Direct F1
transaction ZUO Class A Common Stock Sale $147,464 -23,348 -34% $6.32 46,124 03 Jan 2023 Direct 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 -66,667 -33% $0.000000 133,333 31 Dec 2022 Class A Common Stock 66,667 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.