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

Role
Chief Financial Officer & EVP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Kenneth L. Gayron
Stock symbol
AVID
Transactions as of
Sep 15, 2021
Transactions value $
-$166,677
Form type
4
Date filed
9/17/2021, 05:21 PM
Previous filing
Jun 17, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$72K -2.82K -1% $25.56 279K Sep 15, 2021 Direct F1
transaction AVID Common Stock Tax liability -$22.7K -889 -0.32% $25.56 278K Sep 15, 2021 Direct F2
transaction AVID Common Stock Tax liability -$72K -2.82K -1.01% $25.56 275K Sep 15, 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.