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

Role
SVP & GM Audio and Music
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Dana Ruzicka
Stock symbol
AVID
Transactions as of
Sep 15, 2021
Transactions value $
-$87,364
Form type
4
Date filed
9/17/2021, 05:31 PM
Previous filing
Jun 17, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$43.7K -1.71K -0.6% $25.56 284K Sep 15, 2021 Direct F1, F2
transaction AVID Common Stock Tax liability -$43.7K -1.71K -0.6% $25.56 283K 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 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.