Todd McElhatton - Oct 4, 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: Oct 4, 2023
Transactions value $: -$516,484
Form type: 4
Date filed: 10/6/2023, 08:45 PM
Previous filing: Sep 25, 2023
Next filing: Oct 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Sale	-$516K	-65.5K	-21.95%	$7.89	233K	Oct 4, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares were sold to satisfy the tax liability of the Reporting Person in connection with the issuance of Class A Common Stock resulting from the vesting of restricted stock units under the Zuora, Inc. 2018 Equity Incentive Plan ("Plan"). The shares for the Reporting Person were aggregated with shares sold to satisfy tax liability for all other Plan participants, and all such shares were sold over a three-day period ending on October 4, 2023. The price reported in Column 4 is the weighted average price. Shares were sold in multiple transactions at prices between $7.555 and $8.290. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, Zuora or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote.

Content

The shares were sold to satisfy the tax liability of the Reporting Person in connection with the issuance of Class A Common Stock resulting from the vesting of restricted stock units under the Zuora, Inc. 2018 Equity Incentive Plan ("Plan"). The shares for the Reporting Person were aggregated with shares sold to satisfy tax liability for all other Plan participants, and all such shares were sold over a three-day period ending on October 4, 2023. The price reported in Column 4 is the weighted average price. Shares were sold in multiple transactions at prices between $7.555 and $8.290. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, Zuora or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote.