Jennifer Pileggi - 10 Jan 2022 Form 4 Insider Report for ZUORA INC

Reporting relationship: SVP, GC and Corp. Secretary
Issuer ticker: N/A
Reported as of: 10 Jan 2022
Net transaction value: -$62,678
SEC form: 4
Accepted by SEC: 12 Jan 2022, 15:07:55 UTC
Prior SEC filing: 04 Jan 2022
Source filing: View source filing
Reporting owner signature: /s/ Jennifer Pileggi

Key filing fact

Jennifer Pileggi filed Form 4 for ZUORA INC on 12 Jan 2022.

Key facts

This page summarizes Jennifer Pileggi's Form 4 filing for ZUORA INC.
7 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 12 Jan 2022, 15:07.

Change

Previous filing in this sequence was filed on 04 Jan 2022.
Current net transaction value: -$62,678.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ZUO transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +1,822
Change %: +21%
Price: $0.000000
Shares after: 10,708
Date: 10 Jan 2022
Ownership: Direct

ZUO transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +2,084
Change %: +19%
Price: $0.000000
Shares after: 12,792
Date: 10 Jan 2022
Ownership: Direct

ZUO transaction

Class A Common Stock

Sale

Transaction value: $62,678
Shares: -3,906
Change %: -31%
Price: $16.05
Shares after: 8,886
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1, F2

ZUO holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 50,000
Date: 10 Jan 2022
Ownership: By The Bradley and Jennifer Pileggi Trust
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ZUO transaction Derivative

Stock Option (Right to buy Class B Common Stock)

Options Exercise

Transaction value: $0
Shares: -1,822
Change %: -10%
Price: $0.000000
Shares after: 16,240
Date: 10 Jan 2022
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 1,822
Exercise price: $7.94
Footnotes: F1, F4

ZUO transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +1,822
Change %
Price: $0.000000
Shares after: 1,822
Date: 10 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,822
Exercise price: $0.000000
Footnotes: F1, F5

ZUO transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -1,822
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 10 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,822
Exercise price: $0.000000
Footnotes: F5

ZUO transaction Derivative

Stock Option (Right to buy Class A Common Stock)

Options Exercise

Transaction value: $0
Shares: -2,084
Change %: -3.6%
Price: $0.000000
Shares after: 56,250
Date: 10 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,084
Exercise price: $11.53
Footnotes: F1, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

Footnote F2

Represents the weighted average sale price. The lowest price at which shares were sold was $15.67 and the highest price at which shares were sold was $16.50. 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.

Footnote F3

The securities are held of record by The Bradley and Jennifer Pileggi Trust, of which the Reporting Person is a trustee.

Footnote F4

The option vests over four years, with 1/48 of the shares vesting on March 8, 2018 and the remaining shares vesting as to 1/48 of the award monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.

Footnote F5

Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer, except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the issuer's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the issuer's common stock, and has no expiration date.

Footnote F6

The option vests over four years, with 1/48 of the shares vesting on May 1, 2020 and the remaining shares vesting as to 1/48 of the award monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.