John Ederer - May 16, 2024 Form 4 Insider Report for MODEL N, INC. (MODN)

Role: Chief Financial Officer
Signature: /s/ John Ederer by Errol Hunter, Attorney-In-Fact
Stock symbol: MODN
Transactions as of: May 16, 2024
Transactions value $: -$319,974
Form type: 4
Date filed: 5/17/2024, 08:19 PM
Previous filing: Mar 15, 2024
Next filing: Jun 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODN	Common Stock	Sale	-$34.5K	-1.16K	-0.38%	$29.79	306K	May 16, 2024	Direct	F1
transaction	MODN	Common Stock	Sale	-$19.9K	-669	-0.22%	$29.79	305K	May 16, 2024	Direct	F1
transaction	MODN	Common Stock	Sale	-$40.9K	-1.37K	-0.45%	$29.79	304K	May 16, 2024	Direct	F1
transaction	MODN	Common Stock	Sale	-$225K	-7.54K	-2.48%	$29.79	296K	May 16, 2024	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.

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.