Form 4: Zuora Director Sarah Bond Reports Acquisition of Restricted Stock Units

Director Sarah Bond reports the acquisition of 19,230 restricted stock units (RSUs) in Zuora, Inc. following the company's annual meeting.

Summary

• On June 27, 2024, Sarah Bond, a director of Zuora, Inc., acquired 19,230 restricted stock units (RSUs).
• These RSUs were automatically granted at Zuora's Annual Meeting of Stockholders.
• The RSUs will fully vest and convert into shares of Zuora's Class A Common Stock on the earlier of Zuora's 2025 Annual Meeting of Stockholders or one year following the grant date, contingent upon continuous service through the vesting date.
• Following this transaction, Bond directly owns 88,055 shares of Zuora's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock ownership. It doesn't contain information that would significantly impact sentiment positively or negatively.

Future Outlook

The RSUs will 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

This filing is a routine disclosure related to equity compensation for a company director, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of the shareholders, incentivizing them to work towards the company's long-term success.

Key Dates