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

Signature
/s/ Laura Selig by Errol Hunter, Attorney-in-Fact
Stock symbol
MODN
Transactions as of
Nov 16, 2023
Transactions value $
-$163,326
Form type
4
Date filed
11/17/2023, 09:18 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 -$7.18K -313 -0.36% $22.95 87.5K Nov 16, 2023 Direct F1
transaction MODN Common Stock Sale -$7.32K -319 -0.36% $22.95 87.1K Nov 16, 2023 Direct F1
transaction MODN Common Stock Sale -$11.9K -519 -0.6% $22.95 86.6K Nov 16, 2023 Direct F1
transaction MODN Common Stock Sale -$35.3K -1.54K -1.77% $22.95 85.1K Nov 16, 2023 Direct F1
transaction MODN Common Stock Sale -$19.8K -861 -1.01% $22.95 84.2K Nov 16, 2023 Direct F1
transaction MODN Common Stock Sale -$81.9K -3.5K -4.16% $23.38 80.7K Nov 17, 2023 Direct F2, F3
* 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.
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 $22.79 to $23.57 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.