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

Role
EVP, CFO & Corp Treasurer
Signature
/s/ Jacob Adams as Attorney-in-Fact for Kenneth L Gayron
Stock symbol
AVID
Transactions as of
Dec 15, 2022
Transactions value $
-$94,343
Form type
4
Date filed
12/16/2022, 04:52 PM
Previous filing
Sep 19, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$71.7K -2.82K -0.89% $25.45 314K Dec 15, 2022 Direct F1
transaction AVID Common Stock Tax liability -$22.7K -891 -0.28% $25.45 313K 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 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 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on December 15, 2022 of 8.34% 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.