Andrew M. Cohen - Mar 31, 2024 Form 4 Insider Report for ZUORA INC (ZUO)

Signature
/s/ Erika Ward as attorney-in-fact for Andrew M. Cohen
Stock symbol
ZUO
Transactions as of
Mar 31, 2024
Transactions value $
$0
Form type
4
Date filed
4/2/2024, 04:29 PM
Previous filing
Jan 11, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Options Exercise $0 +16.7K +14.01% $0.00 136K Mar 31, 2024 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +14.2K +10.45% $0.00 150K Mar 31, 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 -16.7K -25% $0.00 50K Mar 31, 2024 Class A Common Stock 16.7K Direct F1, F2, F3
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -14.2K -11.11% $0.00 113K Mar 31, 2024 Class A Common Stock 14.2K 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.