Peter Hirsch - 14 Feb 2025 Form 4 Insider Report for ZUORA INC

Reporting relationship: Chief Product & Tech Officer
Issuer ticker: N/A
Reported as of: 14 Feb 2025
Net transaction value: -$6,991,460
SEC form: 4
Accepted by SEC: 14 Feb 2025, 16:05:49 UTC
Prior SEC filing: 05 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Diana Lorenz as attorney-in-fact for Peter Hirsch

Key filing fact

Peter Hirsch filed Form 4 for ZUORA INC on 14 Feb 2025.

Key facts

This page summarizes Peter Hirsch's Form 4 filing for ZUORA INC.
4 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 14 Feb 2025, 16:05.

Change

Previous filing in this sequence was filed on 05 Feb 2025.
Current net transaction value: -$6,991,460.

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

Disposed to Issuer

Transaction value: $241,460
Shares: -24,146
Change %: -100%
Price: $10.00
Shares after: 0
Date: 14 Feb 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

ZUO transaction Derivative

Restricted Stock Units (RSU) (Class A)

Disposed to Issuer

Transaction value: $1,500,000
Shares: -150,000
Change %: -100%
Price: $10.00
Shares after: 0
Date: 14 Feb 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 150,000
Exercise price
Footnotes: F2

ZUO transaction Derivative

Restricted Stock Units (RSU) (Class A)

Disposed to Issuer

Transaction value: $2,250,000
Shares: -225,000
Change %: -100%
Price: $10.00
Shares after: 0
Date: 14 Feb 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 225,000
Exercise price
Footnotes: F2

ZUO transaction Derivative

Restricted Stock Units (RSU) (Class A)

Disposed to Issuer

Transaction value: $3,000,000
Shares: -300,000
Change %: -100%
Price: $10.00
Shares after: 0
Date: 14 Feb 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 300,000
Exercise price
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Peter Hirsch is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

On February 14, 2025 (the "Effective Time"), pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 17, 2024, by and among Zodiac Purchaser, L.L.C. ("Parent"), Zodiac Acquisition Sub, Inc. ("Merger Sub") and Zuora (the "Company"), Merger Sub merged with and into the Company with the Company surviving the merger as a wholly owned subsidiary of Parent. At the Effective Time, each of the Reporting Person's shares of Class A Common Stock (the "Common Stock"), issued and outstanding immediately prior to the Effective Time were automatically canceled and converted into the right to receive $10.00 per share in cash without interest thereon, and less any applicable tax withholdings (the "Merger Consideration").

Footnote F2

Pursuant to the Merger Agreement, at the Effective Time, each of the Reporting Person's restricted stock units ("RSUs") outstanding immediately prior to the Effective Time were automatically canceled and converted into the right to receive cash equal to the product of the number of shares of Common Stock subject to the RSU multiplied by the Merger Consideration (the "Converted RSU Award"). The Converted RSU Award will vest and become payable subject to and in accordance with the same vesting schedule and other terms and conditions applicable to the corresponding RSU immediately prior to the Effective Time, including any acceleration of vesting provisions.