John Ederer - 16 May 2022 Form 4 Insider Report for MODEL N, INC.

Role: Chief Financial Officer
Signature: John Ederer by Errol Hunter, Attorney-In-Fact
Issuer symbol: N/A
Transactions as of: 16 May 2022
Net transactions value: -$26,797
Form type: 4
Filing time: 18 May 2022, 19:22:03 UTC
Previous filing: 18 Feb 2022
Next filing: 18 Aug 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	$16,928	-717	-0.59%	$23.61	121,218	16 May 2022	Direct	F1
transaction	MODN	Common Stock	Sale	$9,869	-418	-0.34%	$23.61	120,800	16 May 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.

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.