Christian Asmar - May 17, 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
Director
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Christian Asmar
Stock symbol
AVID
Transactions as of
May 17, 2021
Transactions value $
$134,988
Form type
4
Date filed
5/19/2021, 04:11 PM
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Award $135K +4.99K +19.71% $27.03 30.3K May 17, 2021 Direct F1
holding AVID Common Stock 4.4M May 17, 2021 By Impactive Capital LP F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units ("RSUs") that will vest in full on the earlier of the date of the Company's 2022 Annual Meeting or May 17, 2022. Each RSU represents the contingent right to receive one share of the Issuer's common stock.
F2 The shares of common stock reported herein are held of record by funds managed by Impactive Capital LP. Mr. Asmar is a founding partner of Impactive Capital LP and as such may be deemed the beneficial owner of the shares. Mr. Asmar disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest.