Laura Selig - 17 May 2021 Form 4 Insider Report for MODEL N, INC.

Role
SVP, Chief People Officer
Signature
Laura Selig by Errol Hunter, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
17 May 2021
Net transactions value
-$142,695
Form type
4
Filing time
19 May 2021, 19:23:51 UTC
Next filing
18 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale $19,702 -561 -0.97% $35.12 57,439 17 May 2021 Direct F1
transaction MODN Common Stock Sale $11,309 -322 -0.56% $35.12 57,117 17 May 2021 Direct F1
transaction MODN Common Stock Sale $7,762 -221 -0.39% $35.12 56,896 17 May 2021 Direct F1
transaction MODN Common Stock Sale $7,937 -226 -0.4% $35.12 56,670 17 May 2021 Direct F1
transaction MODN Common Stock Sale $2,915 -83 -0.15% $35.12 56,587 17 May 2021 Direct F1
transaction MODN Common Stock Sale $8,235 -231 -0.41% $35.65 56,356 17 May 2021 Direct F2
transaction MODN Common Stock Sale $84,836 -2,406 -4.3% $35.26 53,950 18 May 2021 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All shares reported as disposed of in this transaction were sold by the Reporting Person in order to pay the federal and state tax withholding obligations resulting from the vesting of the Reporting Person's Restricted Stock Units ("RSUs") and performance-based RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this transaction for any reason other than to cover required taxes.
F2 This sale was affected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2021.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $34.99 to $35.50 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Reflects a decrease of 126 shares of unvested Performance-Based RSUs ("PB-RSUs") that were cancelled due to the achievement of 64.9% of certain performance criteria related to PB-RSUs granted to the Reporting Person on November 22, 2019.