Kenneth L. Gayron - Jun 15, 2023 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
EVP, CFO & Corp Treasurer
Signature
/s/ Jacob Adams as Attorney-in-Fact for Kenneth L Gayron
Stock symbol
AVID
Transactions as of
Jun 15, 2023
Transactions value $
-$37,909
Form type
4
Date filed
6/20/2023, 05:18 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 -$21.5K -891 -0.25% $24.10 356K Jun 15, 2023 Direct F1
transaction AVID Common Stock Tax liability -$16.4K -680 -0.19% $24.17 355K 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 8.33% 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.