Todd McElhatton - Feb 3, 2025 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
Feb 3, 2025
Transactions value $
$0
Form type
4
Date filed
2/5/2025, 04:07 PM
Previous filing
Jan 3, 2025
Next filing
Feb 14, 2025
SEC
View on sec.gov

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) Award $0 +300K $0.00 300K Feb 3, 2025 Class A Common Stock 300K Direct F1, F2, F3
* 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 As previously disclosed in the Zuora, Inc. definitive proxy statement filed on December 31, 2024 (the Proxy Statement), these RSUs are granted pursuant to the terms of the Merger Agreement, to replace certain Zuora PSUs that were forfeited for no consideration. The RSUs will vest and become payable, immediately prior to Closing, subject to the continued employment of the reporting person through such date, or will be forfeited automatically if the Merger Agreement is terminated pursuant to its terms without the occurrence of the Closing. All undefined terms shall have the meaning ascribed to them in the Proxy Statement.
F3 RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.