Jeff Rosica - Jun 15, 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
Jun 15, 2022
Transactions value $
-$197,710
Form type
4
Date filed
6/16/2022, 06:52 PM
Previous filing
Mar 28, 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 -$149K -5.78K -0.51% $25.70 1.14M Jun 15, 2022 Direct F1
transaction AVID Common Stock Tax liability -$49.1K -1.91K -0.17% $25.70 1.14M 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 8.33% 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.