Tien Tzuo - 05 May 2021 Form 4 Insider Report for ZUORA INC

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Jennifer Pileggi as attorney-in-fact for Tien Tzuo
Issuer symbol
N/A
Transactions as of
05 May 2021
Net transactions value
$0
Form type
4
Filing time
07 May 2021, 16:50:34 UTC
Next filing
03 Jun 2021
SEC
View on sec.gov

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 Stock Option (Right to buy Class A Common Stock) Award $0 +500,000 $0.000000 500,000 05 May 2021 Class A Common Stock 500,000 $15.64 Direct F1
transaction ZUO Restricted Stock Units (RSU)(Class A) Award $0 +200,000 $0.000000 200,000 05 May 2021 Class A Common Stock 200,000 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests over four years, with 1/48 of the initial award vesting on May 31, 2021 and 1/48 of the initial award vesting on the last day of each month thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting for no consideration.
F3 The RSUs vest over four years, with 1/16 of the shares underlying the initial award vesting on June 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 the Issuer through each vesting date.
F4 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.