Sri Srinivasan - 31 Mar 2023 Form 4 Insider Report for ZUORA INC

Role
Chief Product & Tech Officer
Signature
/s/ Andrew M. Cohen as attorney-in-fact for Sri Srinivasan
Issuer symbol
N/A
Transactions as of
31 Mar 2023
Net transactions value
-$149,062
Form type
4
Filing time
04 Apr 2023, 20:17:24 UTC
Previous 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 +16% $0.000000 127,725 31 Mar 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +20,833 +16% $0.000000 148,558 31 Mar 2023 Direct
transaction ZUO Class A Common Stock Sale $149,062 -15,952 -11% $9.34 132,606 03 Apr 2023 Direct F1, F2
holding ZUO Class A Common Stock 2,000 31 Mar 2023 By The Srinivasan Muthuswamy Trust, Dated May 7th, 2015 F3

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 -12% $0.000000 122,500 31 Mar 2023 Class A Common Stock 17,500 Direct F4, F5, F6
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -20,833 -11% $0.000000 166,667 31 Mar 2023 Class A Common Stock 20,833 Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sri Srinivasan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 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 $9.3807. 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 The securities are held of record by The Srinivasan Muthuswamy Trust, Dated May 7th, 2015, of which the Reporting Person is trustee.
F4 Each RSU represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting for no consideration.
F5 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.
F6 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F7 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.