Form Type: 4

SEC EDGAR Link
Accession Number:0001118417-22-000078
Date:2022-05-16
Issuer: MODEL N, INC. (MODN)
Original Submission Date:

Reporting Person:

LYON CHRISTOPHER
C/O MODEL N, INC.
777 MARINERS ISLAND BLVD, SUITE 300 SAN MATEO, CA 94404

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-05-16 S 981 d $23.61 149,024 direct
COMMON STOCK 2022-05-16 S 563 d $23.61 148,461 direct
COMMON STOCK 2022-05-16 S 497 d $23.61 147,964 direct
COMMON STOCK 2022-05-16 S 185 d $23.61 147,466 direct
COMMON STOCK 2022-05-16 S 372 d $23.61 147,094 direct
COMMON STOCK 2022-05-16 S 626 d $23.61 146,468 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
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 reflects a decrease of 313 shares of unvested performance-based rsus ("pb-rsus") that were cancelled due to the achievement of 64.9% of certain performance criteria related to pb-rsus granted to the reporting person on november 22, 2019.

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