Todd McElhatton - Sep 7, 2023 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chief Financial Officer
Signature
/s/ Sylvia Lexington as attorney-in-fact for Todd McElhatton
Stock symbol
ZUO
Transactions as of
Sep 7, 2023
Transactions value $
$0
Form type
4
Date filed
10/3/2023, 09:52 PM
Previous filing
Jul 5, 2023
Next filing
Sep 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Options Exercise $0 +9.38K +5.58% $0.00 177K Sep 30, 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +18.8K +10.58% $0.00 196K Sep 30, 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +20.8K +10.63% $0.00 217K Sep 30, 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +25K +11.53% $0.00 242K Sep 30, 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +6.47K +2.67% $0.00 248K Sep 30, 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +50K +20.14% $0.00 298K Sep 30, 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 -9.38K -25% $0.00 28.1K Sep 30, 2023 Class A Common Stock 9.38K Direct F2, F3, F4
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -18.8K -14.29% $0.00 113K Sep 30, 2023 Class A Common Stock 18.8K Direct F2, F4, F5
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -20.8K -14.29% $0.00 125K Sep 30, 2023 Class A Common Stock 20.8K Direct F2, F4, F6
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -25K -9.09% $0.00 250K Sep 30, 2023 Class A Common Stock 25K Direct F2, F4, F7
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -6.47K -14.29% $0.00 38.8K Sep 30, 2023 Class A Common Stock 6.47K Direct F2, F4, F8
transaction ZUO Performance Stock Units (PSU)(Class A) Award $0 +50K $0.00 50K Sep 7, 2023 Class A Common Stock 50K Direct F9, F10, F11
transaction ZUO Performance Stock Units (PSU)(Class A) Options Exercise $0 -50K -100% $0.00* 0 Sep 30, 2023 Class A Common Stock 50K 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.