| 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) | Award | $0 | +325K | $0.00 | 325K | Apr 19, 2023 | Class A Common Stock | 325K | Direct | F1, F2, F3 | ||
| transaction | ZUO | Stock Option (Right to buy Class A Common Stock) | Disposed to Issuer | -250K | -100% | 0 | Apr 26, 2023 | Class A Common Stock | 250K | $14.35 | Direct | F4, F5, F6 | ||
| transaction | ZUO | Stock Option (Right to buy Class A Common Stock) | Disposed to Issuer | -75K | -100% | 0 | Apr 26, 2023 | Class A Common Stock | 75K | $14.35 | Direct | F4, F7, F8 | ||
| transaction | ZUO | Stock Option (Right to buy Class A Common Stock) | Disposed to Issuer | -50K | -100% | 0 | Apr 26, 2023 | Class A Common Stock | 50K | $14.35 | Direct | F4, F9, F10 | ||
| transaction | ZUO | Stock Option (Right to buy Class A Common Stock) | Disposed to Issuer | -250K | -100% | 0 | Apr 26, 2023 | Class A Common Stock | 250K | $11.53 | Direct | F4, F11, F12 | ||
| transaction | ZUO | Restricted Stock Units (RSU)(Class A) | Award | $0 | +216K | $0.00 | 216K | Apr 26, 2023 | Class A Common Stock | 216K | Direct | F1, F3, F4, F13 |
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | The RSUs vest over three years, with 1/12 of the shares underlying the initial award vesting on June 30, 2023, 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. |
| F3 | RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date. |
| F4 | These transactions reflect the exchange of certain "underwater" options to acquire shares of Zuora's Class A Common Stock for unvested RSUs pursuant to the terms and conditions set forth in Zuora's Offer to Exchange Eligible Stock Options for Unvested Restricted Stock Units dated April 19, 2023 (the "Offer to Exchange"). |
| F5 | The canceled option was granted to the Reporting Person on October 30, 2019. The option was subject to vesting over four years, with 1/4 of the total shares vesting on October 30, 2020, and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continued to provide services to Zuora through each vesting date. |
| F6 | On April 26, 2023, pursuant to the Offer to Exchange, 250,000 option shares held by the Reporting Person were canceled and exchanged for 86,206 unvested RSUs, reflecting an exchange ratio of 2.9 option shares for each RSU share exchanged. |
| F7 | The canceled option was granted to the Reporting Person on October 30, 2019. The option was subject to vesting over four years, with 1/48 of the total shares vesting on the first monthly anniversary of the vesting commencement date and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continued to provide services to Zuora through each vesting date. The vesting commencement date for this option was April 30, 2021. |
| F8 | On April 26, 2023, pursuant to the Offer to Exchange, 75,000 option shares held by the Reporting Person were canceled and exchanged for 25,862 unvested RSUs, reflecting an exchange ratio of 2.9 option shares for each RSU share exchanged. |
| F9 | The canceled option was granted to the Reporting Person on October 30, 2019. The option was subject to vesting over four years, with 1/48 of the total shares vesting on the first monthly anniversary of the vesting commencement date and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continued to provide services to Zuora through each vesting date. The vesting commencement date for this option was April 30, 2022. |
| F10 | On April 26, 2023, pursuant to the Offer to Exchange, 50,000 option shares held by the Reporting Person were canceled and exchanged for 17,241 unvested RSUs, reflecting an exchange ratio of 2.9 option shares for each RSU share exchanged. |
| F11 | The canceled option was granted to the Reporting Person on May 11, 2020. The option was subject to vesting over four years, with 1/48 of the total shares vesting on May 1, 2020, and the remaining shares vesting as to 1/48 of the award monthly thereafter, so long as the Reporting Person continued to provide services to Zuora through each vesting date. |
| F12 | On April 26, 2023, pursuant to the Offer to Exchange, 250,000 option shares held by the Reporting Person were canceled and exchanged for 86,206 unvested RSUs, reflecting an exchange ratio of 2.9 option shares for each RSU share exchanged. |
| F13 | The RSUs vest over two years, with 1/8 of the shares underlying the award vesting on June 30, 2023, and the remaining shares vesting as to 1/8 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. |