Jason Blessing - 16 Feb 2023 Form 4 Insider Report for MODEL N, INC.

Signature
Jason Blessing by Errol Hunter, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
16 Feb 2023
Net transactions value
-$690,209
Form type
4
Filing time
21 Feb 2023, 18:47:04 UTC
Previous filing
02 Dec 2022
Next filing
18 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale $70,115 -2,001 -0.28% $35.04 713,500 16 Feb 2023 Direct F1
transaction MODN Common Stock Sale $498,900 -14,238 -2% $35.04 699,571 16 Feb 2023 Direct F1, F2
transaction MODN Common Stock Sale $61,145 -1,745 -0.25% $35.04 697,826 16 Feb 2023 Direct F1
transaction MODN Common Stock Sale $81,293 -2,320 -0.33% $35.04 695,506 16 Feb 2023 Direct F1
transaction MODN Common Stock Award $21,243 +818 +0.12% $25.97 696,324 19 Feb 2023 Direct F3
* 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 Includes an additional 309 shares of common stock issued upon vesting of Performance-Based RSUs ("PB-RSUs") granted to the Reporting Person on December 4, 2020 in connection with the achievement of 101.1% of certain performance criteria related to the Reporting Person's PB-RSUs.
F3 Acquired under the Model N 2021 Employee Stock Purchase Plan.