Kenneth L. Gayron - Jun 15, 2022 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
EVP, CFO, CAO & Corp Treasurer
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Kenneth L. Gayron
Stock symbol
AVID
Transactions as of
Jun 15, 2022
Transactions value $
-$95,270
Form type
4
Date filed
6/16/2022, 06:51 PM
Previous filing
Mar 16, 2022
Next filing
Sep 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$72.4K -2.82K -0.87% $25.70 322K Jun 15, 2022 Direct F1
transaction AVID Common Stock Tax liability -$22.9K -891 -0.28% $25.70 321K Jun 15, 2022 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 June 15, 2022 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.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on June 15, 2022 of 8.34% of the restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.