Dave Yarnold - Feb 14, 2024 Form 4 Insider Report for MODEL N, INC. (MODN)

Role: Director
Signature: /s/ Dave Yarnold by Errol Hunter, Attorney-in-Fact
Stock symbol: MODN
Transactions as of: Feb 14, 2024
Transactions value $: -$134,400
Form type: 4
Date filed: 2/16/2024, 08:10 PM
Previous filing: Feb 17, 2023
Next filing: Jun 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODN	Common Stock	Sale	-$134K	-5K	-18.51%	$26.88	22K	Feb 14, 2024	Direct	F1
transaction	MODN	Common Stock	Award	$0	+6.81K	+30.92%	$0.00	28.8K	Feb 15, 2024	Direct	F2

* 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 $26.85 to $26.93 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.
F2	Issuable upon the vesting of Restricted Stock Units ("RSUs"). 25% of the shares subject to this RSU grant will vest on May 15, 2024, August 15, 2024, November 15, 2024, and February 15, 2025, provided the Reporting Person continues to serve on the Board of Directors through the applicable vesting date.

Content

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.85 to $26.93 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.

Issuable upon the vesting of Restricted Stock Units ("RSUs"). 25% of the shares subject to this RSU grant will vest on May 15, 2024, August 15, 2024, November 15, 2024, and February 15, 2025, provided the Reporting Person continues to serve on the Board of Directors through the applicable vesting date.