Andrew M. Cohen - 31 Dec 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: 31 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Jan 2024, 19:12:09 UTC
Previous filing: 10 Oct 2023
Next filing: 04 Jan 2024
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	+16,668	+16%	$0.000000	120,752	31 Dec 2023	Direct	F1
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+14,167	+12%	$0.000000	134,919	31 Dec 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	-16,668	-20%	$0.000000	66,664	31 Dec 2023	Class A Common Stock	16,668		Direct	F1, F2, F3, F4
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-14,167	-10%	$0.000000	127,500	31 Dec 2023	Class A Common Stock	14,167		Direct	F1, F2, F4, F5

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

Explanation of Responses:

Id	Content
F1	This transaction represents the vesting of restricted stock units ("RSUs") held by the Reporting Person on the Transaction Date. No RSUs were sold by the Reporting Person on this date.
F2	Each 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.