Manisha Shetty Gulati - Sep 1, 2023 Form 4 Insider Report for MODEL N, INC. (MODN)

Role
Director
Signature
/s/ Manisha Shetty Gulati by Errol Hunter, Attorney-in-Fact
Stock symbol
MODN
Transactions as of
Sep 1, 2023
Transactions value $
-$25,403
Form type
4
Date filed
9/1/2023, 07:48 PM
Previous filing
Jun 30, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale -$25.4K -944 -9.15% $26.91 9.37K Sep 1, 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 13, 2022, as amended.