Sri Srinivasan - Dec 31, 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
Dec 31, 2022
Transactions value $
-$96,513
Form type
4
Date filed
1/4/2023, 05:09 PM
Previous filing
Dec 22, 2022
Next filing
Mar 8, 2023

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 +19.03% $0.00 109K Dec 31, 2022 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +20.8K +19.03% $0.00 130K Dec 31, 2022 Direct
transaction ZUO Class A Common Stock Sale -$96.5K -15.3K -11.73% $6.32 115K Jan 3, 2023 Direct F1
holding ZUO Class A Common Stock 2K Dec 31, 2022 By The Srinivasan Muthuswamy Trust, Dated May 7th, 2015 F2

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 -11.11% $0.00 140K Dec 31, 2022 Class A Common Stock 17.5K Direct F3, F4, F5
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -20.8K -10% $0.00 188K Dec 31, 2022 Class A Common Stock 20.8K Direct F3, 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 rows one and two of Table I.
F2 The securities are held of record by The Srinivasan Muthuswamy Trust, Dated May 7th, 2015, of which the Reporting Person is trustee.
F3 Each RSU represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting for no consideration.
F4 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.
F5 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F6 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.