Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ZUO | Class A Common Stock | Options Exercise | $0 | +16.7K | +36.14% | $0.00 | 62.8K | Mar 31, 2023 | Direct | |
transaction | ZUO | Class A Common Stock | Sale | -$56.9K | -6.09K | -9.7% | $9.35 | 56.7K | Apr 3, 2023 | Direct | F1, 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 | -16.7K | -12.5% | $0.00 | 117K | Mar 31, 2023 | Class A Common Stock | 16.7K | Direct | F3, F4, F5 |
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 row one of Table I. |
F2 | Represents the weighted average sale price. The lowest price at which shares were sold was $9.3435 and the highest price at which shares were sold was $9.3850. 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 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. |