Jason Blessing - Aug 16, 2021 Form 4 Insider Report for MODEL N, INC. (MODN)

Signature
Jason Blessing by Errol Hunter, Attorney-in-Fact
Stock symbol
MODN
Transactions as of
Aug 16, 2021
Transactions value $
-$463,172
Form type
4
Date filed
8/18/2021, 07:46 PM
Previous filing
May 19, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale -$124K -3.84K -0.81% $32.46 470K Aug 16, 2021 Direct F1
transaction MODN Common Stock Sale -$67.5K -2.08K -0.44% $32.46 468K Aug 16, 2021 Direct F1
transaction MODN Common Stock Sale -$90.3K -2.78K -0.59% $32.46 465K Aug 16, 2021 Direct F1
transaction MODN Common Stock Sale -$65.8K -2.03K -0.44% $32.46 463K Aug 16, 2021 Direct F1
transaction MODN Common Stock Sale -$57.2K -1.76K -0.38% $32.46 460K Aug 16, 2021 Direct F1, F2
transaction MODN Common Stock Sale -$58K -1.79K -0.39% $32.46 458K Aug 16, 2021 Direct F1
* 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/or performance-based RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported in this transaction for any reason other than to cover required taxes.
F2 Reflects a decrease of 1,878 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.