Model N Executives Sell Shares to Cover Tax Obligations
| Reporter Name | Relationship | Type | Amount | SEC Filing |
|---|---|---|---|---|
| Kannan Suresh | Chief Product Officer | Sell | $258,726 | Form 4 |
| Anderson, Mark, Albert | Chief Services Officer | Sell | $184,519 | Form 4 |
| Ederer John | Chief Financial Officer | Sell | $319,974 | Form 4 |
| Rayani Rehmann | Chief Strategy & Mktg Officer | Sell | $219,462 | Form 4 |
| Blessing Jason | Chief Executive Officer | Sell | $601,132 | Form 4 |
| Lyon Christopher | Chief Revenue Officer | Sell | $261,734 | Form 4 |
| Selig Laura | Chief People Officer | Sell | $161,193 | Form 4 |
Several executives at Model N have recently sold shares of the company's common stock to cover tax obligations related to the vesting of Restricted Stock Units. The transactions, all conducted on May 16, 2024, at a price of $29.79 per share, are summarized below:
Kannan Suresh, Chief Product Officer, sold 8,685 shares for a total of $258,726. Following the sale, Suresh directly owns 250,920 shares.
Mark Anderson, Chief Services Officer, sold 6,194 shares for a total of $184,519. Anderson now directly owns 260,949 shares.
John Ederer, Chief Financial Officer, sold 10,741 shares for a total of $319,974. Ederer's direct ownership stands at 296,386 shares following the transaction.
Rayani Rehmann, Chief Strategy & Marketing Officer, sold 7,367 shares for a total of $219,462. Rehmann directly owns 129,599 shares after the sale.
Jason Blessing, Chief Executive Officer, sold 20,179 shares for a total of $601,132. Blessing directly owns 884,172 shares following these transactions.
Christopher Lyon, Chief Revenue Officer, sold 8,786 shares for a total of $261,734. Post-sale, Lyon directly owns 220,935 shares and indirectly owns 30,473 shares through a revocable trust.
Laura Selig, Chief People Officer, sold 5,411 shares for a total of $161,193. Selig directly owns 136,106 shares after the transactions.