NEXT WORLD CAPITAL I, LLC 4
4 · ZUORA INC · Filed Sep 14, 2018
Insider Transaction Report
Form 4
ZUORA INCZUO
Transactions
- Conversion
Class A Common Stock
2018-09-12+573,489→ 573,489 total - Conversion
Class B Common Stock
2018-09-12−573,489→ 1,720,467 total→ Class A Common Stock (573,489 underlying)
Footnotes (2)
- [F1]Represents 573,489 shares converted from Class B Common Stock to Class A Common Stock by Next World Capital I, LLC.
- [F2]Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and will automatically convert into one share of Class A Common Stock upon the date that is the earlier of (i) the date specified by a vote of the holders of 66 2/3% of the outstanding shares of Class B Common Stock, (ii) ten years from the closing of the Issuer's initial public offering, and (iii) the date that the total number of shares of the Issuer's Class B Common Stock outstanding ceases to represent at least 5% of all outstanding shares of the Issuer's Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the Issuer's initial public offering, subject to certain exceptions.