Kenneth L. Gayron - Dec 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
Dec 15, 2021
Transactions value $
-$203,126
Form type
4
Date filed
12/16/2021, 06:23 PM
Previous filing
Nov 17, 2021
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$87.7K -2.82K -1.03% $31.14 270K Dec 15, 2021 Direct F1
transaction AVID Common Stock Tax liability -$27.7K -889 -0.33% $31.14 269K Dec 15, 2021 Direct F2
transaction AVID Common Stock Tax liability -$87.7K -2.82K -1.05% $31.14 266K Dec 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 December 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 December 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.
F3 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.