GARRARD BROWN - 07 Jan 2022 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
Issuer symbol
AVID
Transactions as of
07 Jan 2022
Transactions value $
-$30,027
Form type
4
Filing time
10 Jan 2022, 16:20:21 UTC
Previous filing
16 Dec 2021
Next filing
16 Mar 2022
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 -$30K -1.03K -2.75% $29.04 36.5K 07 Jan 2022 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 January 7, 2022 of 8.34% 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.