Timothy Claman - Dec 12, 2022 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
SVP & GM Video & Media
Signature
/s/ Jacob Adams as Attorney-in-Fact for Timothy Claman
Stock symbol
AVID
Transactions as of
Dec 12, 2022
Transactions value $
-$130,440
Form type
4
Date filed
12/16/2022, 04:52 PM
Previous filing
Nov 2, 2022
Next filing
Jan 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Sale -$122K -4.46K -4.76% $27.30 89.2K Dec 12, 2022 Direct F1
transaction AVID Common Stock Tax liability -$8.63K -339 -0.38% $25.45 88.9K Dec 15, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Form 4 filed late due to clerical error.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on December 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.