Kenneth L. Gayron - May 31, 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
Chief Financial Officer & EVP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Kenneth L. Gayron
Stock symbol
AVID
Transactions as of
May 31, 2021
Transactions value $
-$111,847
Form type
4
Date filed
6/1/2021, 04:09 PM
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$112K -3.62K -1.24% $30.88 288K May 31, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on May 31, 2021 of 8.33% of the restricted stock units awarded on May 31, 2018. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.