Tien Tzuo - 30 Jun 2024 Form 4 Insider Report for ZUORA INC

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Erika Ward as attorney-in-fact for Tien Tzuo
Issuer symbol
N/A
Transactions as of
30 Jun 2024
Net transactions value
-$689,248
Form type
4
Filing time
02 Jul 2024, 16:22:16 UTC
Previous filing
24 Apr 2024
Next filing
10 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 +12,500 +197% $0.000000 18,852 30 Jun 2024 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +58,333 +309% $0.000000 77,185 30 Jun 2024 Direct
transaction ZUO Class A Common Stock Sale $689,248 -70,833 -92% $9.73 6,352 01 Jul 2024 Direct F1, F2

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 -12,500 -25% $0.000000 37,500 30 Jun 2024 Class A Common Stock 12,500 Direct F3, F4, F5
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -58,333 -12% $0.000000 408,335 30 Jun 2024 Class A Common Stock 58,333 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 22, 2023.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $9.59 and the highest price at which shares were sold was $9.83. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, Zuora or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote.
F3 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.
F4 The RSUs vest over four years, with 1/8 of the shares underlying the initial award vesting on September 30, 2021, and the remaining shares vesting as to 1/16 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.
F5 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F6 The RSUs vest over three years, with 1/6 of the shares underlying the initial award vesting on September 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.