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

Role
EVP, CFO & Corp Treasurer
Signature
/s/ Jacob Adams as Attorney-in-Fact for Kenneth L Gayron
Issuer symbol
N/A
Transactions as of
15 Sep 2022
Net transactions value
-$88,152
Form type
4
Filing time
19 Sep 2022, 17:55:06 UTC
Previous filing
16 Jun 2022
Next filing
16 Dec 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 $66,964 -2,816 -0.88% $23.78 317,963 15 Sep 2022 Direct F1
transaction AVID Common Stock Tax liability $21,188 -891 -0.28% $23.78 317,072 15 Sep 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 September 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 September 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.