Todd McElhatton - Mar 31, 2024 Form 4 Insider Report for ZUORA INC (ZUO)

Role: Chief Financial Officer
Signature: /s/ Erika Ward as attorney-in-fact for Todd McElhatton
Stock symbol: ZUO
Transactions as of: Mar 31, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/2/2024, 04:31 PM
Previous filing: Jan 11, 2024
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+9.38K	+4.1%	$0.00	238K	Mar 31, 2024	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+18.8K	+7.89%	$0.00	257K	Mar 31, 2024	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+20.8K	+8.12%	$0.00	277K	Mar 31, 2024	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+25K	+9.01%	$0.00	302K	Mar 31, 2024	Direct
transaction	ZUO	Class A Common Stock	Options Exercise	$0	+6.47K	+2.14%	$0.00	309K	Mar 31, 2024	Direct

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	-9.38K	-50%	$0.00	9.38K	Mar 31, 2024	Class A Common Stock	9.38K		Direct	F1, F2, F3
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-18.8K	-20%	$0.00	75K	Mar 31, 2024	Class A Common Stock	18.8K		Direct	F1, F3, F4
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-20.8K	-20%	$0.00	83.3K	Mar 31, 2024	Class A Common Stock	20.8K		Direct	F1, F3, F5
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-25K	-11.11%	$0.00	200K	Mar 31, 2024	Class A Common Stock	25K		Direct	F1, F3, F6
transaction	ZUO	Restricted Stock Units (RSU)(Class A)	Options Exercise	$0	-6.47K	-20%	$0.00	25.9K	Mar 31, 2024	Class A Common Stock	6.47K		Direct	F1, F3, F7

* 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 Zuora's Class A Common Stock upon vesting for no consideration.
F2	The RSUs vest over four years, with 1/4 of the shares underlying the initial award vesting on June 30, 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.
F3	RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F4	The RSUs vest over four years, with 1/16 of the shares underlying the initial award vesting on June 30, 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	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.
F6	The RSUs vest over three years, with 1/12 of the shares underlying the initial award vesting on June 30, 2023, 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.
F7	The RSUs vest over two years, with 1/8 of the shares underlying the initial award vesting on June 30, 2023, and the remaining shares vesting as to 1/8 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.