Sri Srinivasan - Sep 30, 2022 Form 4 Insider Report for ZUORA INC (ZUO)

Role: Chief Product & Tech Officer
Signature: /s/ Sylvia Lexington as attorney-in-fact for Sri Srinivasan
Stock symbol: ZUO
Transactions as of: Sep 30, 2022
Transactions value $: -$111,349
Form type: 4
Date filed: 10/4/2022, 06:23 PM
Previous filing: Jul 5, 2022
Next filing: Dec 22, 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	+17.5K	+25.24%	$0.00	86.8K	Sep 30, 2022	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+20.8K	+23.99%	$0.00	108K	Sep 30, 2022	Direct
transaction	ZUO	Class A Common Stock	Sale	-$111K	-15.7K	-14.6%	$7.08	92K	Oct 3, 2022	Direct	F1, F2
holding	ZUO	Class A Common Stock						2K	Sep 30, 2022	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	-17.5K	-10%	$0.00	158K	Sep 30, 2022	Class A Common Stock	17.5K		Direct	F4, F5, F6
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-20.8K	-9.09%	$0.00	208K	Sep 30, 2022	Class A Common Stock	20.8K		Direct	F4, F6, 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 and two of Table I.
F2	Represents the weighted average sale price. The lowest price at which shares were sold was $7.0759 and the highest price at which shares were sold was $7.3950. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, Zuora 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 Zuora's Class A Common Stock upon vesting for no consideration.
F5	The RSUs vest over four years, with 1/4 of 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 Zuora through each vesting date.
F6	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F7	The RSUs vest over three years, with 1/12 of the shares underlying the initial award vesting on June 30, 2022, and the remaining shares vesting as to 1/12 of the shares underlying the initial award quarterly thereafter, so long as the Reporting Person continues to provide services to Zuora through each vesting date.