Todd McElhatton - 30 Jun 2023 Form 4 Insider Report for ZUORA INC

Role
Chief Financial Officer
Signature
/s/ Sylvia Lexington as attorney-in-fact for Todd McElhatton
Issuer symbol
N/A
Transactions as of
30 Jun 2023
Net transactions value
-$386,127
Form type
4
Filing time
05 Jul 2023, 21:44:56 UTC
Previous filing
12 May 2023
Next filing
03 Oct 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 +9,375 +6.9% $0.000000 145,150 30 Jun 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +18,750 +13% $0.000000 163,900 30 Jun 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +20,833 +13% $0.000000 184,733 30 Jun 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +25,000 +14% $0.000000 209,733 30 Jun 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +6,465 +3.1% $0.000000 216,198 30 Jun 2023 Direct
transaction ZUO Class A Common Stock Sale $386,127 -38,323 -18% $10.08 177,875 05 Jul 2023 Direct F1, F2

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 -9,375 -20% $0.000000 37,500 30 Jun 2023 Class A Common Stock 9,375 Direct F3, F4, F5
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -18,750 -12% $0.000000 131,250 30 Jun 2023 Class A Common Stock 18,750 Direct F3, F5, F6
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -20,833 -12% $0.000000 145,834 30 Jun 2023 Class A Common Stock 20,833 Direct F3, F5, F7
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -25,000 -8.3% $0.000000 275,000 30 Jun 2023 Class A Common Stock 25,000 Direct F3, F5, F8
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -6,465 -12% $0.000000 45,259 30 Jun 2023 Class A Common Stock 6,465 Direct F3, F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 through five of Table I.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $10.0609 and the highest price at which shares were sold was $10.0762. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer 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 four years, with 1/4 of the shares underlying the initial award vesting on June 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.
F5 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F6 The RSUs vest over four years, with 1/16 of the shares underlying the initial award vesting on June 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.
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.
F8 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.
F9 The RSUs vest over two years, with 1/8 of the shares underlying the initial 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.