Mariesa Victoria - Aug 10, 2023 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
VP & Chief Accounting Officer
Signature
/s/ Jacob Adams as Attorney-in-Fact for Mariesa Victoria
Stock symbol
AVID
Transactions as of
Aug 10, 2023
Transactions value $
-$5,113
Form type
4
Date filed
10/13/2023, 08:07 PM
Previous filing
Jul 13, 2023
Next filing
Nov 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Award $0 +4.89K +42.96% $0.00 16.3K Aug 10, 2023 Direct F1
transaction AVID Common Stock Tax liability -$5.11K -190 -1.17% $26.91 16.1K Oct 11, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units (RSUs) that vest as to 100% of the RSUs on the first anniversary of the grant date, subject to a change in control provision. Each RSU represents the contingent right to receive one share of the Issuer's common stock.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on October 11, 2023 of 8.33% restricted stock units awarded on July 11, 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.