| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MODN | Common Stock | Sale | -$8.92K | -319 | -0.35% | $27.97 | 91.5K | Aug 16, 2023 | Direct | F1 |
| transaction | MODN | Common Stock | Sale | -$9.09K | -325 | -0.36% | $27.97 | 91.1K | Aug 16, 2023 | Direct | F1 |
| transaction | MODN | Common Stock | Sale | -$14.8K | -529 | -0.58% | $27.97 | 90.6K | Aug 16, 2023 | Direct | F1 |
| transaction | MODN | Common Stock | Sale | -$24.6K | -878 | -0.97% | $27.97 | 89.7K | Aug 16, 2023 | Direct | F1 |
| transaction | MODN | Common Stock | Sale | -$54.4K | -1.94K | -2.17% | $27.96 | 87.8K | Aug 17, 2023 | Direct | F2, F3 |
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).
| 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. |
| F2 | This sale was affected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2022, as amended. |
| F3 | The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $27.80 to $28.07 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. |