Tom J. A. Cordiner - Jun 15, 2023 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
Chief Revenue Officer & SVP
Signature
/s/ Jacob Adams as Attorney-in-Fact for Tom J. A. Cordiner
Stock symbol
AVID
Transactions as of
Jun 15, 2023
Transactions value $
-$29,149
Form type
4
Date filed
6/20/2023, 05:13 PM
Previous filing
Mar 17, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Tax liability -$16.7K -693 -0.31% $24.10 221K Jun 15, 2023 Direct F1, F2
transaction AVID Common Stock Tax liability -$12.4K -515 -0.23% $24.17 220K Jun 16, 2023 Direct F2, F3
* 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 Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
F3 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.