0001423774-24-000013.txt : 20240103
0001423774-24-000013.hdr.sgml : 20240103
20240103191143
ACCESSION NUMBER: 0001423774-24-000013
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231231
FILED AS OF DATE: 20240103
DATE AS OF CHANGE: 20240103
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tzuo Tien
CENTRAL INDEX KEY: 0001735409
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38451
FILM NUMBER: 24509106
MAIL ADDRESS:
STREET 1: C/O ZUORA, INC.
STREET 2: 101 REDWOOD SHORES PARKWAY
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ZUORA INC
CENTRAL INDEX KEY: 0001423774
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 205530976
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 101 REDWOOD SHORES PARKWAY
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
BUSINESS PHONE: 888-976-9056
MAIL ADDRESS:
STREET 1: 101 REDWOOD SHORES PARKWAY
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
4
1
wk-form4_1704327091.xml
FORM 4
X0508
4
2023-12-31
0
0001423774
ZUORA INC
ZUO
0001735409
Tzuo Tien
C/O ZUORA, INC.
101 REDWOOD SHORES PARKWAY
REDWOOD CITY
CA
94065
1
1
1
0
Chairman and CEO
1
Class A Common Stock
2023-12-31
4
M
0
12500
0
A
18852
D
Class A Common Stock
2023-12-31
4
M
0
58333
0
A
77185
D
Class A Common Stock
2024-01-02
4
M
0
13843
0
A
91028
D
Class A Common Stock
2024-01-02
4
S
0
84676
8.8353
D
6352
D
Restricted Stock Units (RSU)(Class A)
2023-12-31
4
M
0
12500
0
D
Class A Common Stock
12500
62500
D
Restricted Stock Units (RSU)(Class A)
2023-12-31
4
M
0
58333
0
D
Class A Common Stock
58333
525001
D
Stock Option (Right to buy Class B Common Stock)
3.04
2024-01-02
4
M
0
13843
0
D
2024-11-18
Class B Common Stock
13843
1707442
D
Class B Common Stock
2024-01-02
4
M
0
13843
0
A
Class A Common Stock
13843
13843
D
Class B Common Stock
2024-01-02
4
C
0
13843
0
D
Class A Common Stock
13843
0
D
Class B Common Stock
Class A Common Stock
7119403
7119403
I
By 70 Thirty Trust
Class B Common Stock
Class A Common Stock
640542
640542
I
By The Next Left Trust
This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 22, 2023.
Represents the weighted average sale price. The lowest price at which shares were sold was $8.70 and the highest price at which shares were sold was $9.19. 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.
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.
The RSUs vest over four years, with 1/8 of the shares underlying the initial award vesting on September 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.
RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
The RSUs vest over three years, with 1/6 of the shares underlying the initial award vesting on September 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.
This option is fully vested and exercisable.
Each share of Zuora's Class B Common Stock will convert into one share of Zuora's Class A Common Stock (a) at the option of the holder or (b) automatically upon (i) any transfer, except for certain permitted transfers, or (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of Zuora's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of Zuora's common stock, and has no expiration date.
The Reporting Person is a trustee of the 70 Thirty Trust.
The Reporting Person is a trustee of The Next Left Trust.
/s/ Sylvia Lexington as attorney-in-fact for Tien Tzuo
2024-01-03