Kevin W. Riley - 31 May 2023 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
Chief Technology Officer & SVP
Signature
/s/ Jacob Adams as Attorney-in-Fact for Kevin Riley
Issuer symbol
N/A
Transactions as of
31 May 2023
Net transactions value
-$21,888
Form type
4
Filing time
01 Jun 2023, 16:43:12 UTC
Previous filing
17 Mar 2023
Next filing
20 Jun 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 Tax liability $21,888 -912 -1.5% $24.00 61,212 31 May 2023 Direct F1
* 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 May 31, 2023 of 8.34% of the restricted stock units awarded on November 30, 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.