Kimberly DeCarlis - May 11, 2023 Form 4 Insider Report for MODEL N, INC. (MODN)

Role
Director
Signature
Kimberly DeCarlis by Errol Hunter, Attorney-in-Fact
Stock symbol
MODN
Transactions as of
May 11, 2023
Transactions value $
-$29,880
Form type
4
Date filed
5/12/2023, 08:06 PM
Previous filing
Feb 17, 2023
Next filing
Aug 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale -$29.9K -1K -6.62% $29.88 14.1K May 11, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This sale was affected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 12, 2022, as amended.