GARRARD BROWN - 15 Jun 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
Chief Accounting Officer & VP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Garrard Brown
Issuer symbol
N/A
Transactions as of
15 Jun 2021
Net transactions value
-$21,573
Form type
4
Filing time
17 Jun 2021, 16:19:06 UTC
Next filing
08 Jul 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 $21,573 -593 -1.4% $36.38 40,590 15 Jun 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 8.34% 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.