PETER HIRSCH - 30 Jun 2024 Form 4 Insider Report for ZUORA INC

Role
Chief Product & Tech Officer
Signature
/s/ Erika Ward as attorney-in-fact for Peter Hirsch
Issuer symbol
N/A
Transactions as of
30 Jun 2024
Net transactions value
$0
Form type
4
Filing time
02 Jul 2024, 16:20:41 UTC
Previous filing
09 Apr 2024
Next filing
03 Jul 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 +100,000 $0.000000 100,000 30 Jun 2024 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +25,000 +25% $0.000000 125,000 30 Jun 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 -100,000 -33% $0.000000 200,000 30 Jun 2024 Class A Common Stock 100,000 Direct F1, F2, F3
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -25,000 -8.3% $0.000000 275,000 30 Jun 2024 Class A Common Stock 25,000 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 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.
F4 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.