Christopher Lyon - 16 May 2024 Form 4 Insider Report for MODEL N, INC.

Role: Chief Revenue Officer
Signature: /s/ Christopher Lyon by Errol Hunter, Attorney-In-Fact
Issuer symbol: N/A
Transactions as of: 16 May 2024
Net transactions value: -$261,735
Form type: 4
Filing time: 17 May 2024, 20:20:06 UTC
Previous filing: 15 Mar 2024
Next filing: 24 May 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	$16,087	-540	-0.24%	$29.79	229,181	16 May 2024	Direct	F1
transaction	MODN	Common Stock	Sale	$26,990	-906	-0.4%	$29.79	228,275	16 May 2024	Direct	F1
transaction	MODN	Common Stock	Sale	$43,344	-1,455	-0.64%	$29.79	226,820	16 May 2024	Direct	F1
transaction	MODN	Common Stock	Sale	$175,314	-5,885	-2.6%	$29.79	220,935	16 May 2024	Direct	F1
holding	MODN	Common Stock						30,473	16 May 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.

Content

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.