4//SEC Filing
Blessing Jason 4
Accession 0001118417-23-000242
CIK 0001118417other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 8:01 PM ET
Size
7.5 KB
Accession
0001118417-23-000242
Insider Transaction Report
Form 4
MODEL N, INC.MODN
Blessing Jason
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2023-11-22+147,411→ 959,593 total - Award
Common Stock
2023-11-22+147,411→ 812,182 total
Footnotes (2)
- [F1]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.
- [F2]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.
Documents
Issuer
MODEL N, INC.
CIK 0001118417
Entity typeother
Related Parties
1- filerCIK 0001499092
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 8:01 PM ET
- Size
- 7.5 KB