Sri Srinivasan - Dec 31, 2021 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chief Product & Tech Officer
Signature
/s/ Jennifer Pileggi as attorney-in-fact for Sri Srinivasan
Stock symbol
ZUO
Transactions as of
Dec 31, 2021
Transactions value $
-$442,576
Form type
4
Date filed
1/4/2022, 03:49 PM
Previous filing
Sep 2, 2021
Next filing
Jan 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Options Exercise $0 +70K $0.00 70K Dec 31, 2021 Direct
transaction ZUO Class A Common Stock Sale -$443K -24.5K -35.02% $18.06 45.5K Jan 3, 2022 Direct F1, F2
holding ZUO Class A Common Stock 2K Dec 31, 2021 By The Srinivasan Muthuswamy Trust, Dated May 7th, 2015 F3

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 -70K -25% $0.00 210K Dec 31, 2021 Class A Common Stock 70K Direct F4, F5, F6
* 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 row one 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 $18.1777. 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 The securities are held of record by The Srinivasan Muthuswamy Trust, Dated May 7th, 2015, of which the Reporting Person is trustee.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting for no consideration.
F5 The RSUs vest over four years, with 1/4 if the shares underlying the initial award vesting on December 31, 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.
F6 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.