Andrew M. Cohen - 07 Sep 2023 Form 4 Insider Report for ZUORA INC

Role
CLO and Corp. Secretary
Signature
/s/ Sylvia Lexington as attorney-in-fact for Andrew M. Cohen
Issuer symbol
N/A
Transactions as of
07 Sep 2023
Net transactions value
$0
Form type
4
Filing time
03 Oct 2023, 21:57:48 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 +16,667 +22% $0.000000 92,806 30 Sep 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +14,167 +15% $0.000000 106,973 30 Sep 2023 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +25,000 +23% $0.000000 131,973 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 -16,667 -17% $0.000000 83,332 30 Sep 2023 Class A Common Stock 16,667 Direct F2, F3, F4
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -14,167 -9.1% $0.000000 141,667 30 Sep 2023 Class A Common Stock 14,167 Direct F2, F4, F5
transaction ZUO Performance Stock Units (PSU)(Class A) Award $0 +25,000 $0.000000 25,000 07 Sep 2023 Class A Common Stock 25,000 Direct F6, F7, F8
transaction ZUO Performance Stock Units (PSU)(Class A) Options Exercise $0 -25,000 -100% $0.000000* 0 30 Sep 2023 Class A Common Stock 25,000 Direct F1, F6, F7, F8
* 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 vesting for no consideration.
F3 The RSUs vest over three years, with 1/3 of the shares underlying the initial award vesting on December 31, 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.
F4 RSUs do not expire; these securities either vest and settle or are canceled prior to the 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.
F6 Each performance stock unit ("PSU") represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting for no consideration.
F7 The PSUs shall vest on September 30, 2023, so long as the Reporting Person continues to provide services to Zuora through such vesting date.
F8 PSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.