Peter Hirsch - Dec 31, 2024 Form 4 Insider Report for ZUORA INC (ZUO)

Role
Chief Product & Tech Officer
Signature
/s/ Erika Ward as attorney-in-fact for Peter Hirsch
Stock symbol
ZUO
Transactions as of
Dec 31, 2024
Transactions value $
-$254,784
Form type
4
Date filed
1/3/2025, 04:29 PM
Previous filing
Oct 16, 2024
Next filing
Jan 16, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZUO Class A Common Stock Options Exercise $0 +25K +129.67% $0.00 44.3K Dec 31, 2024 Direct
transaction ZUO Class A Common Stock Options Exercise $0 +25K +56.46% $0.00 69.3K Dec 31, 2024 Direct
transaction ZUO Class A Common Stock Sale -$255K -25.7K -37.04% $9.93 43.6K Jan 2, 2025 Direct F1

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 -25K -14.29% $0.00 150K Dec 31, 2024 Class A Common Stock 25K Direct F2, F3, F4
transaction ZUO Restricted Stock Units (RSU)(Class A) Options Exercise $0 -25K -10% $0.00 225K Dec 31, 2024 Class A Common Stock 25K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold to satisfy the tax liability of the Reporting Person in connection with the issuance of Class A Common Stock resulting from the vesting of restricted stock units under the Zuora, Inc. 2018 Equity Incentive Plan ("Plan"). The shares for the Reporting Person were aggregated with shares sold to satisfy tax liability for all other Plan participants, and all such shares were sold on January 2, 2025. The price reported in Column 4 is the weighted average price. Shares were sold in multiple transactions at prices between $9.92 and $9.95. 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.
F2 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.
F3 The RSUs vest over three years, with 1/3 of the shares underlying the initial award vesting on June 30, 2024, 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.
F4 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
F5 The RSUs vest over three years, with 1/12 of the shares underlying the initial award vesting on June 30, 2024, 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.