| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ZUO | Class A Common Stock | Options Exercise | $0 | +12,500 | +197% | $0.000000 | 18,852 | 31 Dec 2022 | Direct | |
| transaction | ZUO | Class A Common Stock | Sale | $79,494 | -12,500 | -66% | $6.36 | 6,352 | 03 Jan 2023 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ZUO | Stock Option (Right to buy Class B Common Stock) | Options Exercise | $0 | -12,594 | -3.4% | $0.000000 | 362,406 | 28 Jun 2022 | Class B Common Stock | 12,594 | $7.94 | Direct | F3, F4 |
| transaction | ZUO | Class B Common Stock | Options Exercise | $0 | +12,594 | $0.000000 | 12,594 | 28 Jun 2022 | Class A Common Stock | 12,594 | Direct | F5 | ||
| transaction | ZUO | Class B Common Stock | Gift | $0 | -12,594 | -100% | $0.000000* | 0 | 28 Jun 2022 | Class A Common Stock | 12,594 | Direct | F5 | |
| transaction | ZUO | Class B Common Stock | Gift | $0 | +12,594 | +0.18% | $0.000000 | 7,119,403 | 28 Jun 2022 | Class A Common Stock | 12,594 | By 70 Thirty Trust | F5, F6 | |
| transaction | ZUO | Restricted Stock Units (RSU)(Class A) | Options Exercise | $0 | -12,500 | -10% | $0.000000 | 112,500 | 31 Dec 2022 | Class A Common Stock | 12,500 | Direct | F7, F8, F9 | |
| holding | ZUO | Class B Common Stock | 640,542 | 28 Jun 2022 | Class A Common Stock | 640,542 | By The Next Left Trust | F5, F10 |
| Id | Content |
|---|---|
| F1 | This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person. |
| F2 | Represents the weighted average sale price. The lowest price at which shares were sold was $6.19 and the highest price at which shares were sold was $6.53. 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 | This transaction is a cash exercise for 12,594 shares of Class B Common Stock under a stock option granted to Mr. Tzuo on March 8, 2018. Upon exercise of the option, the 12,594 shares will retain their status as Class B Common Stock. This transaction does not involve a trade in the open market. |
| F4 | This option is fully vested and exercisable. |
| F5 | Each share of Zuora's Class B Common Stock is convertible into one share of Zuora's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer, except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of Zuora's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of Zuora's common stock, and has no expiration date. |
| F6 | The Reporting Person is a trustee of the 70 Thirty Trust. |
| F7 | Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting for no consideration. |
| F8 | The RSUs vest over four years, with 1/8 of the shares underlying the initial award vesting on September 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. |
| F9 | RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date. |
| F10 | The Reporting Person is a trustee of The Next Left Trust. |