# EDGAR Filing Document

**Accession Number:** 0001423774
**File Stem:** 0001423774-23-000010
**Filing Date:** 2023-1
**Character Count:** 8888
**Document Hash:** 57ea02be1f99c62fe002986cf910e33e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001423774-23-000010.hdr.sgml**: 20230104

**ACCESSION NUMBER**: 0001423774-23-000010

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20220628

**FILED AS OF DATE**: 20230104

**DATE AS OF CHANGE**: 20230104

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Tzuo Tien
- **CENTRAL INDEX KEY:** 0001735409

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38451
- **FILM NUMBER:** 23508698

**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]
- **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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Tzuo Tien<br><sub>(Last) (First) (Middle)</sub><br>C/O ZUORA, INC.<br>101 REDWOOD SHORES PARKWAY<br><sub>(Street)</sub><br>REDWOOD CITY, CA 94065<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-06-28 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chairman and CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ZUORA INC [ ZUO ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2022-12-31 |  | M |  | 12500 | A | $0 | 18852 | D |  |
| Class A Common Stock | 2023-01-03 |  | S<sup>(1)</sup> |  | 12500 | D | 6.3595<sup>(2)</sup> | 6352 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to buy Class B Common Stock) | $7.94 | 2022-06-28<sup>(3)</sup> |  | M |  |  | 12594 | <sup>(4)</sup> | 2028-03-08 | Class B Common Stock | 12594.0 | $0 | 362406 | D |  |
| Class B Common Stock | <sup>(5)</sup> | 2022-06-28 |  | M |  | 12594 |  | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 12594.0 | $0 | 12594 | D |  |
| Class B Common Stock | <sup>(5)</sup> | 2022-06-28 |  | G | V |  | 12594 | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 12594.0 | $0 | 0 | D |  |
| Class B Common Stock | <sup>(5)</sup> | 2022-06-28 |  | G | V | 12594 |  | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 12594.0 | $0 | 7119403 | I | By 70 Thirty Trust<sup>(6)</sup> |
| Restricted Stock Units (RSU)(Class A) | <sup>(7)</sup> | 2022-12-31 |  | M |  |  | 12500 | <sup>(8)</sup> | <sup>(9)</sup> | Class A Common Stock | 12500.0 | $0 | 112500 | D |  |
| Class B Common Stock | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 640542.0 |  | 640542 | I | By The Next Left Trust<sup>(10)</sup> |

---

### Footnotes:

(1) This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

(2) Represents the weighted average sale price. The lowest price at which shares were sold was $6.19 and the highest price at which shares were sold was $6.53. 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) This transaction is a cash exercise for 12,594 shares of Class B Common Stock under a stock option granted to Mr. Tzuo on March 8, 2018. Upon exercise of the option, the 12,594 shares will retain their status as Class B Common Stock. This transaction does not involve a trade in the open market.

(4) This option is fully vested and exercisable.

(5) Each share of Zuora's Class B Common Stock is convertible into one share of Zuora's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer, except for certain permitted transfers, and (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.

(6) The Reporting Person is a trustee of the 70 Thirty Trust.

(7) 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.

(8) 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.

(9) RSUs do not expire; these securities either vest and settle or are canceled prior to the vesting date.

(10) The Reporting Person is a trustee of The Next Left Trust.

**Signature:** /s/ Sylvia Lexington as attorney-in-fact for Tien Tzuo  
**Date:** 2023-01-04

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**