John Ederer - 14 Nov 2022 Form 4 Insider Report for MODEL N, INC.

Reporting relationship: Chief Financial Officer
Issuer ticker: N/A
Reported as of: 14 Nov 2022
Net transaction value: -$42,549
SEC form: 4
Accepted by SEC: 16 Nov 2022, 20:23:52 UTC
Prior SEC filing: 18 Aug 2022
Next SEC filing: 02 Dec 2022
Source filing: View source filing
Reporting owner signature: John Ederer by Errol Hunter, Attorney-In-Fact

Key filing fact

John Ederer filed Form 4 for MODEL N, INC. on 16 Nov 2022.

Key facts

This page summarizes John Ederer's Form 4 filing for MODEL N, INC..
5 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 16 Nov 2022, 20:23.

Change

Previous filing in this sequence was filed on 18 Aug 2022.
Current net transaction value: -$42,549.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MODN transaction

Common Stock

Award

Transaction value: $0
Shares: +2,385
Change %: +2%
Price: $0.000000
Shares after: 122,060
Date: 14 Nov 2022
Ownership: Direct
Footnotes: F1

MODN transaction

Common Stock

Award

Transaction value: $0
Shares: +39,309
Change %: +32%
Price: $0.000000
Shares after: 161,369
Date: 14 Nov 2022
Ownership: Direct
Footnotes: F2

MODN transaction

Common Stock

Award

Transaction value: $0
Shares: +26,206
Change %: +16%
Price: $0.000000
Shares after: 187,575
Date: 14 Nov 2022
Ownership: Direct
Footnotes: F3

MODN transaction

Common Stock

Sale

Transaction value: $26,897
Shares: -708
Change %: -0.38%
Price: $37.99
Shares after: 186,867
Date: 16 Nov 2022
Ownership: Direct
Footnotes: F4

MODN transaction

Common Stock

Sale

Transaction value: $15,652
Shares: -412
Change %: -0.22%
Price: $37.99
Shares after: 186,455
Date: 16 Nov 2022
Ownership: Direct
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Issuable upon the vesting of Restricted Stock Units ("RSUs"). 100% of the RSUs shall vest on the vesting commencement date, November 30, 2022. Shares of the Issuer's common stock shall be delivered to the Reporting Person upon vesting.

Footnote F2

Issuable upon the vesting of Restricted Stock Units ("RSUs"). 16.67% of the RSUs will vest on the six-month anniversary of the vesting commencement date and 8.33% vesting thereafter on each quarterly anniversary of the vesting commencement date until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.

Footnote F3

Issuable upon vesting and satisfaction of certain performance criteria of Performance-Based Restricted Stock Units ("PB-RSUs"). Subject to the achievement of certain minimum performance criteria based upon annual recurring revenue, between a minimum of 0% and a maximum of 200%, the PB-RSUs will vest as to 33% on the first annual anniversary of the vesting commencement date and 8.375% vesting thereafter on each quarterly anniversary of the vesting commencement date until such time as the PB-RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting if the performance criteria have been met.

Footnote F4

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.