Form 4: Zuora Director Amy Guggenheim Shenkan Reports Share Cancellation and Cash Conversion Following Merger

Director Amy Guggenheim Shenkan reports the cancellation of Zuora Class A Common Stock and conversion to cash following the merger with Zodiac Acquisition Sub, Inc.

Summary

• On February 14, 2025, Zuora merged with Zodiac Acquisition Sub, Inc., a subsidiary of Zodiac Purchase, L.L.C.
• As a result of the merger, Amy Guggenheim Shenkan's shares of Zuora Class A Common Stock were canceled and converted into the right to receive $10.00 per share in cash.
• Unvested restricted stock units (RSUs) held by Shenkan were also converted into the right to receive cash, calculated by multiplying the number of shares subject to the RSU by the $10.00 merger consideration.
• The converted RSU awards will vest and become payable according to the original vesting schedule and terms.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as the document reports the completion of a merger, which typically provides shareholders with a defined cash value for their shares. The conversion of RSUs into cash equivalents also provides clarity for employees holding these awards.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger and the vesting of converted RSU awards.

Industry Context

This announcement reflects a completed merger transaction, which is a common occurrence in the tech industry as companies seek growth, consolidation, or acquisition by larger entities.

Key Dates