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

Role
Chief Revenue Officer & SVP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Tom Cordiner
Stock symbol
AVID
Transactions as of
Jun 15, 2021
Transactions value $
-$154,288
Form type
4
Date filed
6/17/2021, 04:16 PM
Previous filing
May 24, 2021
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$74.3K -2.04K -0.83% $36.38 243K Jun 15, 2021 Direct F1
transaction AVID Common Stock Tax liability -$80K -2.2K -0.91% $36.38 240K Jun 15, 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.