Jeff Rosica - Mar 26, 2022 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
CEO & President, Director
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Jeff Rosica
Stock symbol
AVID
Transactions as of
Mar 26, 2022
Transactions value $
-$298,592
Form type
4
Date filed
3/28/2022, 09:07 PM
Previous filing
Mar 16, 2022
Next filing
Jun 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$299K -8.38K -0.73% $35.64 1.14M Mar 26, 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 March 26, 2022 of 8.33% of the restricted stock units awarded on March 26, 2018. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.