Andrew M. Cohen - 31 Mar 2024 Form 4 Insider Report for ZUORA INC

Role
CLO and Corp. Secretary
Signature
/s/ Erika Ward as attorney-in-fact for Andrew M. Cohen
Issuer symbol
N/A
Transactions as of
31 Mar 2024
Net transactions value
$0
Form type
4
Filing time
02 Apr 2024, 16:29:52 UTC
Previous filing
11 Jan 2024
Next filing
03 Apr 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 +16,666 +14% $0.000000 135,596 31 Mar 2024 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +14,166 +10% $0.000000 149,762 31 Mar 2024 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 -16,666 -25% $0.000000 49,998 31 Mar 2024 Class A Common Stock 16,666 Direct F1, F2, F3
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -14,166 -11% $0.000000 113,334 31 Mar 2024 Class A Common Stock 14,166 Direct F1, F3, F4
* 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 vesting for no consideration.
F2 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.
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, 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.