Zuora — Merger or Acquisition (October 2024)
19 slides from Zuora's merger presentation, Oct 31, 2024
Slide 1: Treatment of Zuora Equity in Connection with the Transaction
Treatment of Zuora Equity in Connection with the Transaction October 2024
Slide 2: Additional Information about the Transaction and Where to Find It
Additional Information about the Transaction and Where to Find It In connection with the proposed transaction, Zuora will file with the SEC a proxy statement, a definitive version of which will be mailed or otherwise provided to its stockholders. The Company and affiliates of the Company intend to j
Slide 3: Important Disclosures
Important Disclosures All transactions are subject to taxes and withholdings. Zuora will translate payments from USD to local currencies using current exchange rates, as applicable. Zuora cannot advise on the individual tax implications of these transactions and recommends discussing the impact with
Slide 4: Table of Contents
What happens between today and close of transaction? 03 05 04 01 02 What happens to common stock at close? RSUs: What are they and what happens at and post-close? Stock Options: What are they and what happens at close? Additional Resources Treatment of Zuora Equity in Connection with the Transaction
Slide 5: What happens between today and close of transaction?
01 What happens between today and close of transaction?
Slide 6: Between today and the transaction closing
Between today and the transaction closing Business as usual: Outstanding (unvested) equity awards will remain outstanding and continue to vest in accordance with their terms until the closing of the transaction Further, you can buy and sell Zuora stock prior to close, providing you comply with Zuora
Slide 7: Employee Stock Purchase Plan (ESPP)
Employee Stock Purchase Plan (ESPP) Effective October 17, 2024, no new offerings or purchase periods under the ESPP will commence, no new participants will be permitted to enter the ESPP and existing participants will not be allowed to increase or decrease their elections. Employees are still permit
Slide 8: What happens to common stock at close?
02 What happens to common stock at close?
Slide 9: Close: What happens to Zuora stock at close?
Close: What happens to Zuora stock at close? ZEOs who own shares of Zuora's common stock will receive $10.00 in cash for each share of Zuora stock that is owned upon closing of the transaction, regardless of Zuora’s stock price at the time of close. 10 shares of Zuora Common Stock $10.00 USD $100.00
Slide 10: RSUs: What are they and what happens at and post-close?
03 RSUs: What are they and what happens at and post-close?
Slide 11: What is an RSU?
What is an RSU? Zuora’s RSU vest over time, contingent on continued employment with Zuora through the applicable vesting date Each RSU grant has a predetermined vesting schedule, which describes the number of shares a ZEO will be entitled to receive on specific vesting date(s) (subject to continued
Slide 12: What happens to Unvested RSUs at Close?
After Transaction Closes # of shares x $10.00 3rd Quarter Vest Final Quarter Vest What happens to Unvested RSUs at Close? Upon the closing of the transaction, each unvested Zuora RSU will be canceled in exchange for the right to receive an amount in cash equal to $10.00, which will be paid in accord
Slide 13: Stock Options: What are they and what happens at close?
04 Stock Options: What are they and what happens at close?
Slide 14: What is a stock option?
What is a stock option? Each option allows you to purchase one share of stock. The value of a stock option depends on the price of the company’s shares, which changes over time. Note: If the stock price is below the exercise price, the option has no value How it works (an example) You were given a g
Slide 15: What happens to Stock Options at close?
What happens to Stock Options at close? Upon the closing of the transaction, outstanding stock options (whether or not vested and exercisable) with an exercise price below $10.00 per share will be canceled and exchanged for an amount in cash equal to the excess of $10.00 over the option exercise pri
Slide 16: Additional Resources
Additional Resources
Slide 17: Additional Resources
Additional Resources Zuora has posted FAQs on Insider - these will be updated on a regular basis as more information becomes available E*Trade has numerous resources available to you on equity compensation (articles and videos). Visual on how to access once you’re logged in is shown below 1 2 3 4
Slide 18: E*Trade equity detail and selling shares
E*Trade is also where your equity detail can be found and where you can sell your shares - all you need to do is log in! (some pre-IPO ZEOs may also have holdings recorded at Computershare) Additional Resources For a complete view of your equity You can buy and sell Zuora stock prior to close, provi
Slide 19: Zuora
= ZUORA