Kenneth A. Goldman - Jul 5, 2023 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Director
Signature
/s/ Sylvia Lexington as attorney-in-fact for Kenneth A. Goldman
Stock symbol
ZUO
Transactions as of
Jul 5, 2023
Transactions value $
-$201,529
Form type
4
Date filed
7/11/2023, 07:35 PM
Previous filing
Jun 27, 2023
Next filing
Aug 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Sale -$193K -19.4K -37.44% $9.95 32.4K Jul 5, 2023 Direct F1, F2
transaction ZUO Class A Common Stock Sale -$8.69K -800 -2.47% $10.86 31.6K Jul 5, 2023 Direct F1, F3
holding ZUO Class A Common Stock 30.1K Jul 5, 2023 By Goldman-Valeriote Family Trust u/a/d 11/15/95 F4
* 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 on April 5, 2023.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $9.79 and the highest price at which shares were sold was $10.78. 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 Represents the weighted average sale price. The lowest price at which shares were sold was $10.79 and the highest price at which shares were sold was $10.99. 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.
F4 Reporting Person is a trustee of the Trust and may be deemed to have voting and dispositive power with regard to the shares held by the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust except to the extent of his proportionate pecuniary interest therein.