| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MODN | Common Stock | Award | $0 | +1.7K | +4.22% | $0.00 | 42.1K | Nov 14, 2022 | Direct | F1 |
| transaction | MODN | Common Stock | Award | $0 | +22.2K | +52.81% | $0.00 | 64.3K | Nov 14, 2022 | Direct | F2 |
| transaction | MODN | Common Stock | Award | $0 | +14.8K | +23.04% | $0.00 | 79.1K | Nov 14, 2022 | Direct | F3 |
| transaction | MODN | Common Stock | Sale | -$425K | -11K | -13.91% | $38.65 | 68.1K | Nov 15, 2022 | Direct | F4 |
| transaction | MODN | Common Stock | Sale | -$21K | -552 | -0.81% | $37.99 | 67.6K | Nov 16, 2022 | Direct | F5 |
| transaction | MODN | Common Stock | Sale | -$7.83K | -206 | -0.3% | $37.99 | 67.3K | Nov 16, 2022 | Direct | F5, F6 |
| transaction | MODN | Common Stock | Sale | -$18.7K | -491 | -0.73% | $37.99 | 66.9K | Nov 16, 2022 | Direct | F5 |
| transaction | MODN | Common Stock | Sale | -$23.8K | -627 | -0.94% | $37.99 | 66.2K | Nov 16, 2022 | Direct | F5 |
| Id | Content |
|---|---|
| F1 | Issuable upon the vesting of Restricted Stock Units ("RSUs"). 100% of the RSUs shall vest on the vesting commencement date, November 30, 2022. Shares of the Issuer's common stock shall be delivered to the Reporting Person upon vesting. |
| F2 | 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. |
| F3 | 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. |
| F4 | The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.47 to $38.88 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F5 | 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. |
| F6 | Reflects a decrease of 204 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. |