Robert J. Traube - 31 Dec 2021 Form 4 Insider Report for ZUORA INC

Role: Chief Revenue Officer
Signature: /s/ Jennifer Pileggi as attorney-in-fact for Robert J. Traube
Issuer symbol: N/A
Transactions as of: 31 Dec 2021
Net transactions value: -$289,500
Form type: 4
Filing time: 04 Jan 2022, 15:54:56 UTC
Previous filing: 15 Oct 2021
Next filing: 14 Jan 2022
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	+6,250	+52%	$0.000000	18,232	31 Dec 2021	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+6,250	+34%	$0.000000	24,482	31 Dec 2021	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+18,750	+77%	$0.000000	43,232	31 Dec 2021	Direct
transaction	ZUO	Class A Common Stock	Sale	$289,500	-16,033	-37%	$18.06	27,199	03 Jan 2022	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	-6,250	-12%	$0.000000	43,750	31 Dec 2021	Class A Common Stock	6,250		Direct	F3, F4, F5
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-6,250	-10%	$0.000000	56,250	31 Dec 2021	Class A Common Stock	6,250		Direct	F3, F5, F6
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-18,750	-7.1%	$0.000000	243,750	31 Dec 2021	Class A Common Stock	18,750		Direct	F3, F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares sold to satisfy the Reporting Person's tax liability in connection with the issuance of Class A Common Stock resulting from the vesting of restricted stock units ("RSUs") as reported in rows one, two and three of Table I.
F2	Represents the weighted average sale price. The lowest price at which shares were sold was $18.0536 and the highest price at which shares were sold was $18.2143. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer 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 RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting for no consideration.
F4	The RSUs vest over four years, with 1/4 of the shares underlying the initial award vesting on September 30, 2020 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.
F5	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F6	The RSUs vest over four years, with 1/16 of the shares underlying the initial award vesting on June 30, 2020 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.
F7	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.