Manisha Shetty Gulati - 02 Jan 2024 Form 4 Insider Report for MODEL N, INC. (MODN)

Role
Director
Signature
/s/ Manisha Shetty Gulati by Errol Hunter, Attorney-in-Fact
Issuer symbol
MODN
Transactions as of
02 Jan 2024
Transactions value $
-$21,026
Form type
4
Filing time
04 Jan 2024, 19:02:56 UTC
Previous filing
01 Sep 2023
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODN Common Stock Sale -$21K -786 -8.39% $26.75 8.58K 02 Jan 2024 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.