Form 4: Zuora's CLO and Corp. Secretary, Andrew M. Cohen, Reports Changes in Beneficial Ownership

Andrew M. Cohen, CLO and Corp. Secretary of Zuora, Inc., reports changes in beneficial ownership of Class A Common Stock and Restricted Stock Units (RSUs) as of June 30, 2024, due to vesting.

Summary

• Andrew M. Cohen, the CLO and Corp. Secretary of Zuora, Inc., filed a Form 4 detailing changes in his beneficial ownership of Zuora's securities.
• The reported transactions occurred on June 30, 2024, and involve the vesting of Restricted Stock Units (RSUs) and the acquisition of Class A Common Stock through these vested RSUs.
• Cohen acquired 16,666 shares of Class A Common Stock, increasing his direct holdings to 141,514 shares.
• Additionally, 14,167 shares of Class A Common Stock were acquired, increasing direct holdings to 155,681 shares.
• Finally, 13,333 shares of Class A Common Stock were acquired, increasing direct holdings to 169,014 shares.
• The RSUs vest over three years, with portions vesting quarterly, contingent upon continued service to Zuora.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock-based compensation, with neutral implications.

Positives

• The vesting of RSUs indicates that the reporting person is meeting the conditions of their employment agreement.

Future Outlook

The reporting person will continue to receive shares as the RSUs vest over the next three years, assuming continued service to Zuora.

Industry Context

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

Stakeholder Impact

• The vesting of RSUs dilutes existing shareholders slightly.

Key Dates