Christopher Lyon - Nov 16, 2023 Form 4 Insider Report for MODEL N, INC. (MODN)

Role: Chief Revenue Officer
Signature: /s/ Christopher Lyon by Errol Hunter, Attorney-In-Fact
Stock symbol: MODN
Transactions as of: Nov 16, 2023
Transactions value $: -$148,211
Form type: 4
Date filed: 11/17/2023, 09:13 PM
Previous filing: Aug 18, 2023
Next filing: Dec 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODN	Common Stock	Sale	-$16.5K	-720	-0.5%	$22.95	143K	Nov 16, 2023	Direct	F1
transaction	MODN	Common Stock	Sale	-$12.4K	-539	-0.38%	$22.95	142K	Nov 16, 2023	Direct	F1
transaction	MODN	Common Stock	Sale	-$20.8K	-905	-0.64%	$22.95	141K	Nov 16, 2023	Direct	F1
transaction	MODN	Common Stock	Sale	-$65.2K	-2.84K	-2.01%	$22.95	138K	Nov 16, 2023	Direct	F1
transaction	MODN	Common Stock	Sale	-$33.4K	-1.46K	-1.05%	$22.95	137K	Nov 16, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.

Content

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.