Peter Hirsch - Jul 10, 2023 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chief Product & Tech Officer
Signature
/s/ Sylvia Lexington as attorney-in-fact for Peter Hirsch
Stock symbol
ZUO
Transactions as of
Jul 10, 2023
Transactions value $
$0
Form type
4
Date filed
7/11/2023, 07:45 PM
Previous filing
May 22, 2023
Next filing
Apr 9, 2024

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) Award $0 +300K $0.00 300K Jul 10, 2023 Class A Common Stock 300K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 1/3 of the shares underlying the initial award vesting on June 30, 2024, 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.