Form 4: Jason Pressman of Zuora Inc. Reports Acquisition of Shares and Beneficial Ownership Changes

Director Jason Pressman reports acquisition of Zuora Inc. shares through restricted stock units and updates on beneficial ownership.

Summary

• Jason Pressman, a director of Zuora Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 27, 2024, Pressman acquired 19,230 shares of Class A Common Stock through restricted stock units (RSUs) granted at Zuora's Annual Meeting of Stockholders.
• These RSUs will fully vest and convert into shares on the earlier of Zuora's 2025 Annual Meeting or one year from the grant date, contingent upon continuous service.
• Following the transaction, Pressman directly owns 69,067 shares of Class A Common Stock.
• Pressman also has indirect beneficial ownership of 43,899 shares through The 2016 Jason Pressman Trust and 17,812 shares through Shasta Ventures II GP, LLC.
• Pressman disclaims beneficial ownership of shares held by The 2016 Jason Pressman Trust and Shasta Ventures II GP, LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports transactions and holdings. The acquisition of shares by a director is mildly positive, suggesting confidence.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Future Outlook

The RSUs will fully vest and convert into shares of Zuora's Class A Common Stock on the earlier of (a) the date of Zuora's 2025 Annual Meeting of Stockholders and (b) the date that is one year following the RSU grant date, subject to continuous service through the vesting date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider activity.

Key Dates