Matthew R. Dobson - 30 Sep 2023 Form 4 Insider Report for ZUORA INC

Role: Chief Accounting Officer
Signature: /s/ Sylvia Lexington as attorney-in-fact for Matthew R. Dobson
Issuer symbol: N/A
Transactions as of: 30 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Oct 2023, 21:55:48 UTC
Previous filing: 28 Sep 2023
Next filing: 06 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	+3,750	+9.8%	$0.000000	41,877	30 Sep 2023	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+2,084	+5%	$0.000000	43,961	30 Sep 2023	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+2,500	+5.7%	$0.000000	46,461	30 Sep 2023	Direct

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	-3,750	-14%	$0.000000	22,500	30 Sep 2023	Class A Common Stock	3,750		Direct	F1, F2, F3
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-2,084	-14%	$0.000000	12,500	30 Sep 2023	Class A Common Stock	2,084		Direct	F1, F3, F4
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-2,500	-9.1%	$0.000000	25,000	30 Sep 2023	Class A Common Stock	2,500		Direct	F1, F3, F5

* 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 settlement for no consideration.
F2	The RSUs vest over four years, with 1/4 of the shares underlying the initial award vesting on March 31, 2022, 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.
F3	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F4	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.
F5	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.