Sri Srinivasan - 31 Dec 2022 Form 4 Insider Report for ZUORA INC

Role: Chief Product & Tech Officer
Signature: /s/ Sylvia Lexington as attorney-in-fact for Sri Srinivasan
Issuer symbol: N/A
Transactions as of: 31 Dec 2022
Net transactions value: -$96,513
Form type: 4
Filing time: 04 Jan 2023, 17:09:30 UTC
Previous filing: 22 Dec 2022
Next filing: 08 Mar 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	+17,500	+19%	$0.000000	109,459	31 Dec 2022	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+20,834	+19%	$0.000000	130,293	31 Dec 2022	Direct
transaction	ZUO	Class A Common Stock	Sale	$96,513	-15,281	-12%	$6.32	115,012	03 Jan 2023	Direct	F1
holding	ZUO	Class A Common Stock						2,000	31 Dec 2022	By The Srinivasan Muthuswamy Trust, Dated May 7th, 2015	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	-17,500	-11%	$0.000000	140,000	31 Dec 2022	Class A Common Stock	17,500		Direct	F3, F4, F5
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-20,834	-10%	$0.000000	187,500	31 Dec 2022	Class A Common Stock	20,834		Direct	F3, F5, 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 and two of Table I.
F2	The securities are held of record by The Srinivasan Muthuswamy Trust, Dated May 7th, 2015, of which the Reporting Person is trustee.
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 December 31, 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 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.