Sri Srinivasan - Sep 1, 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
Sep 1, 2021
Transactions value $
$0
Form type
4
Date filed
9/2/2021, 05:36 PM
Next filing
Jan 4, 2022

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) Award $0 +120K $0.00 120K Sep 1, 2021 Class A Common Stock 120K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The RSUs vest over three years, with 1/3 of the shares underlying the initial award vesting on June 30, 2022, and the remaining shares vesting as to 1/3 of the shares underlying the initial award on each of June 30, 2023 and June 30, 2024, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
F3 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.