Dana Ruzicka - Dec 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
Dec 15, 2021
Transactions value $
-$106,499
Form type
4
Date filed
12/16/2021, 06:23 PM
Previous filing
Sep 17, 2021
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$53.2K -1.71K -0.6% $31.14 281K Dec 15, 2021 Direct F1
transaction AVID Common Stock Tax liability -$53.2K -1.71K -0.61% $31.14 279K Dec 15, 2021 Direct F2
* 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 required 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, 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.