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

Role: Director
Signature: /s/ Dave Yarnold by Errol Hunter, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 14 Feb 2024
Net transactions value: -$134,400
Form type: 4
Filing time: 16 Feb 2024, 20:10:10 UTC
Previous filing: 17 Feb 2023
Next filing: 27 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODN	Common Stock	Sale	$134,400	-5,000	-19%	$26.88	22,012	14 Feb 2024	Direct	F1
transaction	MODN	Common Stock	Award	$0	+6,806	+31%	$0.000000	28,818	15 Feb 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.