Omar Abbosh - Mar 1, 2024 Form 4 Insider Report for ZUORA INC (ZUO)

Role: Director
Signature: /s/ Erika Ward as attorney-in-fact for Omar P. Abbosh
Stock symbol: ZUO
Transactions as of: Mar 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/5/2024, 04:04 PM
Previous filing: Feb 2, 2024
Next filing: Jul 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Award	$0	+624	+0.79%	$0.00	79.7K	Mar 1, 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to Zuora's Non-Employee Director Compensation Program ("Compensation Program"), the Reporting Person previously elected to receive restricted stock units ("RSUs") in lieu of cash compensation for fees payable for services on Zuora's Board of Directors and any committees thereof for fiscal year 2025 ("FY25"). The Compensation Program was subsequently amended to increase FY25 fees. The RSUs granted to the Reporting Person on March 1, 2024, represents the quotient of (i) the increase in the Reporting Person's FY25 compensation fee divided by (ii) the closing price of Zuora's Class A Common Stock on the date of grant. Each RSU represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting. The RSUs vest as to 1/4 of the shares underlying the initial award on each of March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, so long as the Reporting Person continues to provide services to Zuora through each such vesting date.

Content

Pursuant to Zuora's Non-Employee Director Compensation Program ("Compensation Program"), the Reporting Person previously elected to receive restricted stock units ("RSUs") in lieu of cash compensation for fees payable for services on Zuora's Board of Directors and any committees thereof for fiscal year 2025 ("FY25"). The Compensation Program was subsequently amended to increase FY25 fees. The RSUs granted to the Reporting Person on March 1, 2024, represents the quotient of (i) the increase in the Reporting Person's FY25 compensation fee divided by (ii) the closing price of Zuora's Class A Common Stock on the date of grant. Each RSU represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting. The RSUs vest as to 1/4 of the shares underlying the initial award on each of March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, so long as the Reporting Person continues to provide services to Zuora through each such vesting date.