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

Role
SVP & GM Video & Media
Signature
/s/ Jacob Adams as Attorney-in-Fact for Timothy Claman
Issuer symbol
N/A
Transactions as of
12 Dec 2022
Net transactions value
-$130,440
Form type
4
Filing time
16 Dec 2022, 16:52:13 UTC
Previous filing
02 Nov 2022
Next filing
24 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Sale $121,813 -4,462 -4.8% $27.30 89,240 12 Dec 2022 Direct F1
transaction AVID Common Stock Tax liability $8,628 -339 -0.38% $25.45 88,901 15 Dec 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.