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

Role
Chief Financial Officer & EVP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Kenneth L. Gayron
Issuer symbol
N/A
Transactions as of
31 May 2021
Net transactions value
-$111,847
Form type
4
Filing time
01 Jun 2021, 16:09:41 UTC
Next filing
17 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability $111,847 -3,622 -1.2% $30.88 287,948 31 May 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.