Dana Ruzicka - 15 Sep 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
SVP & GM Audio and Music
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Dana Ruzicka
Issuer symbol
N/A
Transactions as of
15 Sep 2021
Net transactions value
-$87,364
Form type
4
Filing time
17 Sep 2021, 17:31:35 UTC
Previous filing
17 Jun 2021
Next filing
16 Dec 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 $43,682 -1,709 -0.6% $25.56 284,421 15 Sep 2021 Direct F1, F2
transaction AVID Common Stock Tax liability $43,682 -1,709 -0.6% $25.56 282,712 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 required withholding taxes due on the vesting date.
F2 The amount reported reconciles an inadvertent clerical error in the amount of securities beneficially owned as previously reported. Corrected totals do not represent any grants or awards not previously disclosed.
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.