Timothy M. Adams - Nov 11, 2022 Form 4 Insider Report for MODEL N, INC. (MODN)

Role: Director
Signature: /s/ Tim Adams by Errol Hunter, Attorney-in-Fact
Stock symbol: MODN
Transactions as of: Nov 11, 2022
Transactions value $: -$469,047
Form type: 4
Date filed: 11/15/2022, 08:01 PM
Previous filing: May 11, 2022
Next filing: Nov 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODN	Common Stock	Sale	-$469K	-11.8K	-29.6%	$39.77	28.1K	Nov 11, 2022	Direct	F1
transaction	MODN	Common Stock	Gift	$0	-1K	-3.56%	$0.00	27.1K	Nov 14, 2022	Direct	F2
transaction	MODN	Common Stock	Gift	$0	+1K		$0.00	1K	Nov 14, 2022	The Christine and Tim Adams Charitable Fund

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.70 to $40.00 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.
F2	All of the shares reported as disposed of in this transaction were donated to a charitable organization as a bona fide gift.

Content

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.70 to $40.00 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.

All of the shares reported as disposed of in this transaction were donated to a charitable organization as a bona fide gift.