Todd McElhatton - Apr 10, 2023 Form 4 Insider Report for ZUORA INC (ZUO)

Role: Chief Financial Officer
Signature: /s/ Sylvia Lexington as attorney-in-fact for Todd McElhatton
Stock symbol: ZUO
Transactions as of: Apr 10, 2023
Transactions value $: -$67,497
Form type: 4
Date filed: 4/12/2023, 04:05 PM
Previous filing: Apr 4, 2023
Next filing: Apr 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Sale	-$67.5K	-7.5K	-5.23%	$9.00	136K	Apr 10, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

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 $8.83 and the highest price at which shares were sold was $9.09. 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.

Content

This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

Represents the weighted average sale price. The lowest price at which shares were sold was $8.83 and the highest price at which shares were sold was $9.09. 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.