GARRARD BROWN - 07 Oct 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
07 Oct 2021
Net transactions value
-$28,078
Form type
4
Filing time
12 Oct 2021, 16:01:56 UTC
Previous filing
17 Sep 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 $28,078 -923 -2.4% $30.42 38,150 07 Oct 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 October 7, 2021 of 8.33% of the restricted stock units awarded on October 7, 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.