Kenneth L. Gayron - 15 Sep 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
Chief Financial Officer & EVP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Kenneth L. Gayron
Issuer symbol
N/A
Transactions as of
15 Sep 2021
Net transactions value
-$166,677
Form type
4
Filing time
17 Sep 2021, 17:21:13 UTC
Previous filing
17 Jun 2021
Next filing
17 Nov 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 $71,977 -2,816 -1% $25.56 278,609 15 Sep 2021 Direct F1
transaction AVID Common Stock Tax liability $22,723 -889 -0.32% $25.56 277,720 15 Sep 2021 Direct F2
transaction AVID Common Stock Tax liability $71,977 -2,816 -1% $25.56 274,904 15 Sep 2021 Direct F3
* 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 8.33% of the restricted stock units awarded on March 15, 2019. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
F2 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, 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.
F3 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on September 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.