GARRARD BROWN - 07 Apr 2022 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
Chief Accounting Officer & VP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Garrard Brown
Issuer symbol
N/A
Transactions as of
07 Apr 2022
Net transactions value
-$31,853
Form type
4
Filing time
08 Apr 2022, 16:06:39 UTC
Previous 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 $31,853 -923 -2% $34.51 44,207 07 Apr 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 April 7, 2022 of 8.33% 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.