CLO and Corp. Secretary Cohen Andrew M. returned $1,935,270 worth of shares to the company (193,527 units at $10.00), closing all direct ownership in the company (SEC Form 4)

$ZUO
Computer Software: Prepackaged Software
Technology
Get the next $ZUO alert in real time by email
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cohen Andrew M.

(Last) (First) (Middle)
C/O ZUORA, INC.
101 REDWOOD SHORES PARKWAY

(Street)
REDWOOD CITY CA 94065

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ZUORA INC [ ZUO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CLO and Corp. Secretary
3. Date of Earliest Transaction (Month/Day/Year)
02/14/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 02/14/2025 D(1) 193,527 D $10(1) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (RSU) (Class A) (2) 02/14/2025 D(2) 70,834 (2) (2) Class A Common Stock 70,834 $10(2) 0 D
Restricted Stock Units (RSU) (Class A) (2) 02/14/2025 D(2) 120,000 (2) (2) Class A Common Stock 120,000 $10(2) 0 D
Restricted Stock Units (RSU) (Class A) (2) 02/14/2025 D(2) 150,000 (2) (2) Class A Common Stock 150,000 $10(2) 0 D
Explanation of Responses:
1. On February 14, 2025 (the "Effective Time"), pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 17, 2024, by and among Zodiac Purchaser, L.L.C. ("Parent"), Zodiac Acquisition Sub, Inc. ("Merger Sub") and Zuora (the "Company"), Merger Sub merged with and into the Company with the Company surviving the merger as a wholly owned subsidiary of Parent. At the Effective Time, each of the Reporting Person's shares of Class A Common Stock (the "Common Stock"), issued and outstanding immediately prior to the Effective Time were automatically canceled and converted into the right to receive $10.00 per share in cash without interest thereon, and less any applicable tax withholdings (the "Merger Consideration").
2. Pursuant to the Merger Agreement, at the Effective Time, each of the Reporting Person's restricted stock units ("RSUs") outstanding immediately prior to the Effective Time were automatically canceled and converted into the right to receive cash equal to the product of the number of shares of Common Stock subject to the RSU multiplied by the Merger Consideration (the "Converted RSU Award"). The Converted RSU Award will vest and become payable subject to and in accordance with the same vesting schedule and other terms and conditions applicable to the corresponding RSU immediately prior to the Effective Time, including any acceleration of vesting provisions.
/s/ Diana Lorenz as attorney-in-fact for Andrew M. Cohen 02/14/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Get the next $ZUO alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$ZUO

DatePrice TargetRatingAnalyst
7/8/2024$10.00Buy → Hold
Craig Hallum
1/23/2024$10.00 → $12.00Neutral → Buy
Goldman
7/13/2023$12.00Neutral
Robert W. Baird
1/31/2023$11.00Buy
Lake Street
10/21/2022$9.00Neutral
Goldman
10/11/2021$24.00Hold → Buy
Needham
10/1/2021$18.00Underweight → Equal-Weight
Morgan Stanley
9/30/2021$24.00Buy
Craig Hallum
More analyst ratings

$ZUO
Press Releases

Fastest customizable press release news feed in the world

See more
  • Silver Lake and GIC Complete Acquisition of Zuora

    Zuora, Inc., a leading monetization platform for modern business, today announced the completion of its acquisition by Silver Lake, the global leader in technology investing, in partnership with an affiliate of GIC Pte. Ltd. ("GIC"), for $10.00 per share in cash. With the completion of the acquisition, Zuora's Class A common stock will cease trading and the Company will no longer be listed on the New York Stock Exchange. "Zuora's vision sparked the shift to the Subscription Economy that led to today's new world of recurring, usage-based and hybrid revenue models," said Tien Tzuo, Zuora's Founder, CEO and Chairman of the Board. "Completing this transaction with Silver Lake and GIC is an im

    $ZUO
    Computer Software: Prepackaged Software
    Technology
  • Zuora Recognized as a Leader in Recurring Billing Solutions

    Zuora received the highest score in Revenue Recognition criterion in latest independent research report Zuora, Inc. (NYSE:ZUO), a leading monetization platform for modern business, today announced it has been named a Leader in The Forrester Wave™: Recurring Billing Solutions, Q1 2025 report. Zuora also received the highest score in the Revenue Recognition criterion. The report shared, "Zuora's product vision and strategy are aggressive: It aims to have integrated solutions not only to promote, personalize, and manage the subscriber experience but also to manage the underlying billing and financial close processes for any business that uses recurring revenue models." "We believe Zuora'

    $ZUO
    Computer Software: Prepackaged Software
    Technology
  • Zuora Named Workday Services Partner

    Zuora Connector for Workday Financial Management integrates its monetization suite with Workday's comprehensive suite of financial management solutions Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced it has signed a partnership agreement with Workday, Inc. (NASDAQ:WDAY), a leading provider of solutions to help organizations manage their people and money. Fewer than one-third of enterprises have fully automated order-to-cash, and 54% of CFOs agree that legacy ERP systems are not flexible enough to meet the demands of today's business environment. By utilizing the certified Zuora Connector for Workday Financial Management, businesses can significa

    $WDAY
    $ZUO
    EDP Services
    Technology
    Computer Software: Prepackaged Software

$ZUO
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$ZUO
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$ZUO
SEC Filings

See more

$ZUO
Leadership Updates

Live Leadership Updates

See more
  • Zuora Appoints John D. Harkey, Jr. to Board of Directors

    Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced the appointment of John D. Harkey, Jr. to the Zuora Board of Directors, effective April 30, 2024. With the addition of Mr. Harkey, the Zuora Board of Directors will consist of ten Board members, nine of whom are independent. The appointment is in connection with a cooperation agreement (the "Agreement") Zuora has entered into with Scalar Gauge Fund, LP and certain of its affiliates (collectively, "Scalar Gauge"). Scalar Gauge is an investment firm that owns approximately 3.7% of Zuora's outstanding class A common shares. Jason Pressman, Lead Independent Director at Zuora, said, "John brings over 25 y

    $ZUO
    Computer Software: Prepackaged Software
    Technology
  • Zuora Appoints Software Engineering Leader Pete Hirsch as Chief Product and Technology Officer

    Zuora, Inc. (NYSE:ZUO), a leading monetization platform provider for recurring revenue businesses, today announced the appointment of Pete Hirsch as its Chief Product and Technology Officer. Hirsch will join Zuora on July 10, 2023 and report to founder and CEO Tien Tzuo to lead the company's global product innovation and engineering functions. Hirsch comes to Zuora with more than 30 years of software engineering experience leading enterprise product and engineering organizations. Most recently, he was Chief Technology Officer at BlackLine, a financial controls and automation software company, where he led the company's product and technology groups, set its technology direction and scaled

    $ZUO
    Computer Software: Prepackaged Software
    Technology
  • Zuora Appoints Andrew Cohen as Chief Legal Officer to Help Guide Ongoing Growth of the Subscription Economy

    Zuora, Inc. (NYSE:ZUO), the leading cloud-based subscription management platform provider, today announced the appointment of Andrew Cohen as its Chief Legal Officer. Cohen will report to Zuora® Founder and CEO Tien Tzuo to lead the company's worldwide legal, regulatory, and compliance functions. Joining Zuora on Feb. 14, 2022, Cohen will succeed Zuora's former General Counsel, Jennifer Pileggi, following her retirement. Cohen joins Zuora with more than 20 years of global legal experience at private, public, and Fortune 500 companies. He was a member of Pivotal's executive team at the company's formation (after spinning out from EMC Corporation and VMware), where he served as SVP, General

    $ZUO
    Computer Software: Prepackaged Software
    Technology

$ZUO
Financials

Live finance-specific insights

See more
  • Zuora Reports Third Quarter Fiscal 2025 Results

    Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced financial results for its fiscal third quarter ended October 31, 2024. Third Quarter Fiscal 2025 Financial Results: Revenue: Subscription revenue was $105.3 million, an increase of 7% year-over-year. Total revenue was $116.9 million, an increase of 6% year-over-year. GAAP Loss from Operations: GAAP loss from operations was $11.7 million, compared to a loss from operations of $8.8 million in the third quarter of fiscal 2024. Non-GAAP Income from Operations: Non-GAAP income from operations was $25.1 million, compared to non-GAAP income from operations of $16.0 million in the third quarter of f

    $ZUO
    Computer Software: Prepackaged Software
    Technology
  • Zuora Reports Second Quarter Fiscal 2025 Results

    Subscription revenue grew 9% year-over-year GAAP operating margin increased 8 percentage points year-over-year Non-GAAP operating margin increased 13 percentage points year-over-year Operating cash flow increased to $11.4 million compared to $5.4 million last year Adjusted free cash flow increased to $12.2 million compared to $4.0 million last year Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced financial results for its fiscal second quarter ended July 31, 2024. "I'm proud of our ZEOs for delivering a solid second quarter," said Tien Tzuo, Founder and CEO at Zuora. "From our install base to the analyst community, we continue to be recognized fo

    $ZUO
    Computer Software: Prepackaged Software
    Technology
  • Zuora Announces Date for Its Second Quarter Fiscal 2025 Earnings Conference Call

    Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced that it will report financial results for its second quarter fiscal 2025 ended on July 31, 2024 following the close of market on August 21, 2024. On that day, Zuora's management team will hold a conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss Zuora's financial results and business highlights. Event: Zuora Second Quarter Fiscal 2025 Earnings Conference Call When: Wednesday, August 21, 2024 Time: 2:00 p.m. PT / 5:00 p.m. ET Participant Toll-Free Dial-In Number: 1 (888) 596-4144 Participant Toll Dial-In Number: 1 (646) 968-2525 Conference ID: 8022374 Replay: 1 (800) 770-2030 or 1 (

    $ZUO
    Computer Software: Prepackaged Software
    Technology

$ZUO
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more