Todd McElhatton - Apr 5, 2024 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chief Financial Officer
Signature
/s/ Erika Ward as attorney-in-fact for Todd McElhatton
Stock symbol
ZUO
Transactions as of
Apr 5, 2024
Transactions value $
$0
Form type
4
Date filed
4/9/2024, 04:18 PM
Previous filing
Apr 3, 2024
Next filing
Apr 11, 2024

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) Award $0 +325K $0.00 325K Apr 5, 2024 Class A Common Stock 325K Direct F1, F2, F3
* 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 1/12 of the shares underlying the initial award vesting on June 30, 2024, 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.