Zuora (ZUO) executive Cohen sold 22,672 shares for $225K at $9.93

Insider transactions reported

Andrew M. Cohen (CLO and Corp. Secretary at Zuora Inc., ZUO) reported that they sold 22,672 shares for $225K at $9.93, and acquired 44,166 shares between Dec 31, 2024 and Jan 2, 2025. After these transactions the filing shows 193,527 shares held directly.

Reporting person

Cohen Andrew M.

Role

CLO and Corp. Secretary

Options and other derivatives

Holdings before and after

• Class A Common Stock: 172,033 to 193,527 direct
• Restricted Stock Units (RSU)(Class A): 16,666 to 120,000 direct

Footnotes from the filing

1. 1. 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.
2. 2. 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.
3. 3. The RSUs vest over three years, with 1/3 of the shares underlying the initial award vesting on December 31, 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.
4. 4. RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.
5. 5. 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.

Transaction codes in this filing

Open-market sale:

Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

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