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

Role: Chief Revenue Officer
Signature: /s/ Christopher Lyon by Errol Hunter, Attorney-In-Fact
Stock symbol: MODN
Transactions as of: May 16, 2024
Transactions value $: -$261,735
Form type: 4
Date filed: 5/17/2024, 08:20 PM
Previous filing: Mar 15, 2024
Next filing: May 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODN	Common Stock	Sale	-$16.1K	-540	-0.24%	$29.79	229K	May 16, 2024	Direct	F1
transaction	MODN	Common Stock	Sale	-$27K	-906	-0.4%	$29.79	228K	May 16, 2024	Direct	F1
transaction	MODN	Common Stock	Sale	-$43.3K	-1.46K	-0.64%	$29.79	227K	May 16, 2024	Direct	F1
transaction	MODN	Common Stock	Sale	-$175K	-5.89K	-2.59%	$29.79	221K	May 16, 2024	Direct	F1
holding	MODN	Common Stock						30.5K	May 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.

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.