Christopher Lyon - Feb 16, 2024 Form 4 Insider Report for MODEL N, INC. (MODN)

Signature
/s/ Christopher Lyon by Errol Hunter, Attorney-In-Fact
Stock symbol
MODN
Transactions as of
Feb 16, 2024
Transactions value $
-$207,400
Form type
4
Date filed
2/21/2024, 09:24 PM
Previous filing
Dec 1, 2023
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale -$16.6K -629 -0.25% $26.38 252K Feb 16, 2024 Direct F1
transaction MODN Common Stock Sale -$27K -1.02K -0.41% $26.38 247K Feb 16, 2024 Direct F1, F2
transaction MODN Common Stock Sale -$26.8K -1.02K -0.41% $26.38 246K Feb 16, 2024 Direct F1
transaction MODN Common Stock Sale -$97.6K -3.7K -1.52% $26.38 239K Feb 16, 2024 Direct F1, F3
transaction MODN Common Stock Sale -$39.5K -1.5K -0.63% $26.38 238K Feb 16, 2024 Direct F1
holding MODN Common Stock 30.5K Feb 16, 2024 Christopher J Lyon Revocable Trust
* 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 Reflects a decrease of 4,305 shares of unvested Performance-Based RSUs ("PB-RSUs") that were cancelled due to the achievement of 30.5% of certain performance criteria related to PB-RSUs granted to the Reporting Person on December 4, 2020.
F3 Reflects a decrease of 2,535 shares of unvested Performance-Based RSUs ("PB-RSUs") that were cancelled due to the achievement of 75.6% of certain performance criteria related to PB-RSUs granted to the Reporting Person on November 13, 2021.