Todd McElhatton - 07 Sep 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
07 Sep 2023
Net transactions value
$0
Form type
4
Filing time
03 Oct 2023, 21:52:24 UTC
Previous filing
05 Jul 2023
Next filing
25 Sep 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 +5.6% $0.000000 177,250 30 Sep 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +18,750 +11% $0.000000 196,000 30 Sep 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +20,834 +11% $0.000000 216,834 30 Sep 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +25,000 +12% $0.000000 241,834 30 Sep 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +6,466 +2.7% $0.000000 248,300 30 Sep 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +50,000 +20% $0.000000 298,300 30 Sep 2023 Direct F1

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 -25% $0.000000 28,125 30 Sep 2023 Class A Common Stock 9,375 Direct F2, F3, F4
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -18,750 -14% $0.000000 112,500 30 Sep 2023 Class A Common Stock 18,750 Direct F2, F4, F5
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -20,834 -14% $0.000000 125,000 30 Sep 2023 Class A Common Stock 20,834 Direct F2, F4, F6
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -25,000 -9.1% $0.000000 250,000 30 Sep 2023 Class A Common Stock 25,000 Direct F2, F4, F7
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -6,466 -14% $0.000000 38,793 30 Sep 2023 Class A Common Stock 6,466 Direct F2, F4, F8
transaction ZUO Performance Stock Units (PSU)(Class A) Award $0 +50,000 $0.000000 50,000 07 Sep 2023 Class A Common Stock 50,000 Direct F9, F10, F11
transaction ZUO Performance Stock Units (PSU)(Class A) Options Exercise $0 -50,000 -100% $0.000000* 0 30 Sep 2023 Class A Common Stock 50,000 Direct F1, F9, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of PSUs earned by the Reporting Person on September 7, 2023, as determined by the Compensation Committee of Zuora's Board of Directors.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Zuora's Class A Common Stock upon settlement for no consideration.
F3 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.
F4 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F5 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.
F6 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.
F7 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.
F8 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.
F9 Each performance stock unit ("PSU") represents a contingent right to receive one share of Zuora's Class A Common Stock upon settlement for no consideration.
F10 The PSUs shall vest on September 30, 2023, so long as the Reporting Person continues to provide services to Zuora through such vesting date.
F11 PSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.