Laura Selig - Feb 16, 2023 Form 4/A - Amendment Insider Report for MODEL N, INC. (MODN)

Role
Chief People Officer
Signature
Laura Selig by Errol Hunter, Attorney-in-Fact
Stock symbol
MODN
Transactions as of
Feb 16, 2023
Transactions value $
-$281,578
Form type
4/A - Amendment
Date filed
2/21/2023, 08:24 PM
Date Of Original Report
Feb 21, 2023
Previous filing
Dec 2, 2022
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale -$10.9K -310 -0.28% $35.04 109K Feb 16, 2023 Direct F1
transaction MODN Common Stock Sale -$64.9K -1.85K -1.69% $35.04 107K Feb 16, 2023 Direct F1, F2
transaction MODN Common Stock Sale -$12.4K -354 -0.33% $35.04 107K Feb 16, 2023 Direct F1
transaction MODN Common Stock Sale -$17.9K -512 -0.48% $35.04 107K Feb 16, 2023 Direct F1
transaction MODN Common Stock Sale -$182K -5.19K -4.86% $35.10 102K Feb 17, 2023 Direct F3, F4
transaction MODN Common Stock Award $6.62K +255 +0.25% $25.97 102K Feb 19, 2023 Direct F5
* 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 Includes an additional 37 shares of common stock issued upon vesting of Performance-Based RSUs ("PB-RSUs") granted to the Reporting Person on December 4, 2020 in connection with the achievement of 101.1% of certain performance criteria related to the Reporting Person's PB-RSUs.
F3 This sale was affected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2022, as amended.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $34.65 to $35.48 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.
F5 Acquired under the Model N 2021 Employee Stock Purchase Plan.