Kevin Riley - Jun 15, 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
Jun 15, 2023
Transactions value $
-$23,699
Form type
4
Date filed
6/20/2023, 05:11 PM
Previous filing
Jun 1, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$12.3K -509 -0.83% $24.10 60.7K Jun 15, 2023 Direct F1
transaction AVID Common Stock Tax liability -$11.4K -473 -0.78% $24.17 60.2K Jun 16, 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 8.34% 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.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on June 16, 2023 of 8.34% 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.