Form 4: Zuora Executive Peter Hirsch Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Chief Product & Tech Officer of Zuora, Peter Hirsch, sold 18,855 shares of Class A Common Stock at an average price of $9.0591 on October 15, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On October 15, 2024, Peter Hirsch, the Chief Product & Tech Officer of Zuora Inc., sold 18,855 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $9.0591 per share.
- The prices ranged from $8.95 to $9.20.
- This transaction was conducted under a 10b5-1 trading plan adopted on March 15, 2024.
- Following the transaction, Hirsch still owns 19,279 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment, but rather a routine transaction.
Industry Context
Sales by company executives are a normal part of executive compensation. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time and avoid any concerns about insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date the 10b5-1 trading plan was adopted by Peter Hirsch. |
| 10/15/2024 | Date of the stock sale transaction. |
| 10/16/2024 | Date of the Form 4 filing. |
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