Timothy Claman - 15 Jun 2023 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
15 Jun 2023
Net transactions value
-$17,451
Form type
4
Filing time
20 Jun 2023, 17:10:12 UTC
Previous filing
03 May 2023
Next filing
25 Jul 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 $8,170 -339 -0.34% $24.10 100,246 15 Jun 2023 Direct F1
transaction AVID Common Stock Tax liability $9,281 -384 -0.38% $24.17 99,862 16 Jun 2023 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 June 15, 2023 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.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on June 16, 2023 of 8.33% of the restricted stock units awarded on March 16, 2022. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.