Manisha Shetty Gulati - 29 Jun 2023 Form 4 Insider Report for MODEL N, INC. (MODN)

Role
Director
Signature
Manisha Shetty Gulati by Errol Hunter, Attorney-in-Fact
Issuer symbol
MODN
Transactions as of
29 Jun 2023
Net transactions value
-$21,980
Form type
4
Filing time
30 Jun 2023, 20:00:17 UTC
Previous filing
23 Feb 2023
Next filing
01 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale $21,980 -628 -5.7% $35.00 10,313 29 Jun 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This sale was affected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2022, as amended.