Jason Pressman - Mar 1, 2024 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Director
Signature
/s/ Erika Ward as attorney-in-fact for Jason Pressman
Stock symbol
ZUO
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 04:04 PM
Previous filing
Feb 2, 2024
Next filing
Apr 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Award $0 +624 +1.27% $0.00 49.8K Mar 1, 2024 Direct F1
holding ZUO Class A Common Stock 43.9K Mar 1, 2024 By The 2016 Jason Pressman Trust U/D/T March 8, 2016 F2
holding ZUO Class A Common Stock 17.8K Mar 1, 2024 By Shasta Ventures II GP, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to Zuora's Non-Employee Director Compensation Program ("Compensation Program"), the Reporting Person previously elected to receive restricted stock units ("RSUs") in lieu of cash compensation for fees payable for services on Zuora's Board of Directors and any committees thereof for fiscal year 2025 ("FY25"). The Compensation Program was subsequently amended to increase FY25 fees. The RSUs granted to the Reporting Person on March 1, 2024, represents the quotient of (i) the increase in the Reporting Person's FY25 compensation fee divided by (ii) the closing price of Zuora's Class A Common Stock on the date of grant. Each RSU represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting. The RSUs vest as to 1/4 of the shares underlying the initial award on each of March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, so long as the Reporting Person continues to provide services to Zuora through each such vesting date.
F2 The shares are held by the 2016 Jason Pressman U/D/T March 8, 2016. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F3 These shares are owned directly by Shasta Ventures II GP, LLC. The Reporting Person is a managing director of Shasta Ventures II GP, LLC and disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.