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

Role
Chief Technology Officer & SVP
Signature
/s/ Jacob Adams as Attorney-in-Fact for Kevin Riley
Stock symbol
AVID
Transactions as of
May 31, 2023
Transactions value $
-$21,888
Form type
4
Date filed
6/1/2023, 04:43 PM
Previous filing
Mar 17, 2023
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$21.9K -912 -1.47% $24.00 61.2K May 31, 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.