Tom J. A. Cordiner - 15 Jun 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
Chief Revenue Officer & SVP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Tom Cordiner
Issuer symbol
N/A
Transactions as of
15 Jun 2021
Net transactions value
-$154,288
Form type
4
Filing time
17 Jun 2021, 16:16:35 UTC
Previous filing
24 May 2021
Next filing
17 Sep 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 $74,288 -2,042 -0.83% $36.38 242,613 15 Jun 2021 Direct F1
transaction AVID Common Stock Tax liability $80,000 -2,199 -0.91% $36.38 240,414 15 Jun 2021 Direct F2
* 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 8.33% of the performance-based RSUs awarded on March 15, 2019. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on June 15, 2021 of 8.33% of the restricted stock units awarded on March 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.