Filing Details

Accession Number:
0001423774-23-000056
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-04-04 20:15:11
Reporting Period:
2023-03-31
Accepted Time:
2023-04-04 20:15:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1423774 Zuora Inc ZUO Services-Prepackaged Software (7372) 205530976
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1815346 Todd Mcelhatton C/O Zuora, Inc.
101 Redwood Shores Parkway
Redwood City CA 94065
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-03-31 9,375 $0.00 121,597 No 4 M Direct
Class A Common Stock Acquisiton 2023-03-31 18,750 $0.00 140,347 No 4 M Direct
Class A Common Stock Acquisiton 2023-03-31 20,833 $0.00 161,180 No 4 M Direct
Class A Common Stock Disposition 2023-04-03 17,905 $9.34 143,275 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units (RSU)(Class A) Disposition 2023-03-31 9,375 $0.00 9,375 $0.00
Class A Common Stock Restricted Stock Units (RSU)(Class A) Disposition 2023-03-31 18,750 $0.00 18,750 $0.00
Class A Common Stock Restricted Stock Units (RSU)(Class A) Disposition 2023-03-31 20,833 $0.00 20,833 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
46,875 No 4 M Direct
150,000 No 4 M Direct
166,667 No 4 M Direct
Footnotes
  1. 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, two and three of Table I.
  2. Represents the weighted average sale price. The lowest price at which shares were sold was $9.3435 and the highest price at which shares were sold was $9.3750. 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.
  3. Each RSU represents a contingent right to receive one share of Zuora's Class A Common Stock upon vesting for no consideration.
  4. 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.
  5. RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
  6. 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.
  7. 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.