Timothy Claman - Jun 15, 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
SVP & GM Video Post & Storage
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Timothy Claman
Stock symbol
AVID
Transactions as of
Jun 15, 2021
Transactions value $
-$61,591
Form type
4
Date filed
6/17/2021, 04:05 PM
Previous filing
May 25, 2021
Next filing
Jul 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$61.6K -1.69K -1.73% $36.38 95.9K Jun 15, 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 June 15, 2021 of 100% of the restricted stock units awarded on June 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.