GARRARD BROWN - 15 Sep 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 Sep 2021
Net transactions value
-$15,157
Form type
4
Filing time
17 Sep 2021, 17:20:46 UTC
Previous filing
08 Jul 2021
Next filing
12 Oct 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 $15,157 -593 -1.5% $25.56 39,073 15 Sep 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 September 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.