TIMOTHY CLAMAN - 15 Jul 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
SVP & GM Video Post & Storage
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Timothy Claman
Issuer symbol
N/A
Transactions as of
15 Jul 2021
Net transactions value
-$51,534
Form type
4
Filing time
19 Jul 2021, 16:37:49 UTC
Previous filing
17 Jun 2021
Next filing
26 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 $51,534 -1,348 -1.4% $38.23 94,590 15 Jul 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 July 15, 2021 of 8.34% of the restricted stock units awarded on November 15, 2018. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.