Rehmann Rayani - Dec 5, 2023 Form 4 Insider Report for MODEL N, INC. (MODN)

Role: Chief Strategy & Mktg Officer
Signature: /s/ Rehmann Rayani by Errol Hunter, Attorney-in-Fact
Stock symbol: MODN
Transactions as of: Dec 5, 2023
Transactions value $: -$117,050
Form type: 4
Date filed: 12/7/2023, 07:52 PM
Previous filing: Dec 22, 2023
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODN	Common Stock	Sale	-$117K	-5K	-9.91%	$23.41	45.5K	Dec 5, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $23.37 to $23.45 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.

Content

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $23.37 to $23.45 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.