Garrard Brown - Dec 15, 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
Chief Accounting Officer & VP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Garrard Brown
Stock symbol
AVID
Transactions as of
Dec 15, 2021
Transactions value $
-$18,435
Form type
4
Date filed
12/16/2021, 06:22 PM
Previous filing
Oct 12, 2021
Next filing
Jan 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$18.4K -592 -1.55% $31.14 37.6K Dec 15, 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 December 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.