Tom J. A. Cordiner - Dec 15, 2022 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
Chief Revenue Officer & SVP
Signature
/s/ Jacob Adams as Attorney-in-Fact for Tom J. A. Cordiner
Stock symbol
AVID
Transactions as of
Dec 15, 2022
Transactions value $
-$75,078
Form type
4
Date filed
12/16/2022, 04:52 PM
Previous filing
Nov 23, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$57.5K -2.26K -1.17% $25.45 191K Dec 15, 2022 Direct F1, F2
transaction AVID Common Stock Tax liability -$17.6K -692 -0.36% $25.45 190K Dec 15, 2022 Direct F2, F3
* 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 December 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 Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
F3 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.