Christopher Lyon - 16 Aug 2022 Form 4 Insider Report for MODEL N, INC.

Role: Chief Revenue Officer
Signature: /s/ Christopher Lyon by Errol Hunter, Attorney-In-Fact
Issuer symbol: N/A
Transactions as of: 16 Aug 2022
Net transactions value: -$83,081
Form type: 4
Filing time: 18 Aug 2022, 21:02:54 UTC
Previous filing: 18 May 2022
Next filing: 16 Nov 2022
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	$30,637	-968	-0.66%	$31.65	145,500	16 Aug 2022	Direct	F1
transaction	MODN	Common Stock	Sale	$15,508	-490	-0.34%	$31.65	145,010	16 Aug 2022	Direct	F1
transaction	MODN	Common Stock	Sale	$5,792	-183	-0.13%	$31.65	144,827	16 Aug 2022	Direct	F1, F2
transaction	MODN	Common Stock	Sale	$11,616	-367	-0.25%	$31.65	144,460	16 Aug 2022	Direct	F1
transaction	MODN	Common Stock	Sale	$19,528	-617	-0.43%	$31.65	143,843	16 Aug 2022	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 313 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.

Content

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.

Reflects a decrease of 313 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.