| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AVDX | Common Stock | Options Exercise | +2.17K | +0.56% | 387K | May 15, 2024 | Direct | F1 | ||
| transaction | AVDX | Common Stock | Options Exercise | +9.79K | +2.53% | 397K | May 15, 2024 | Direct | F1 | ||
| transaction | AVDX | Common Stock | Sale | -$7.7K | -685 | -0.17% | $11.24 | 396K | May 15, 2024 | Direct | F2, F3 |
| transaction | AVDX | Common Stock | Sale | -$26.2K | -2.33K | -0.59% | $11.24 | 394K | May 15, 2024 | Direct | F2, F3 |
| transaction | AVDX | Common Stock | Sale | -$33.8K | -3.01K | -0.77% | $11.24 | 391K | May 15, 2024 | Direct | F2, F3 |
| transaction | AVDX | Common Stock | Sale | -$3.42K | -305 | -0.08% | $11.21 | 390K | May 16, 2024 | Direct | F2, F4 |
| transaction | AVDX | Common Stock | Sale | -$11.6K | -1.04K | -0.27% | $11.21 | 389K | May 16, 2024 | Direct | F2, F4 |
| transaction | AVDX | Common Stock | Sale | -$15K | -1.34K | -0.34% | $11.21 | 388K | May 16, 2024 | Direct | F2, F4 |
| transaction | AVDX | Common Stock | Sale | -$28.7K | -2.56K | -0.66% | $11.22 | 385K | May 16, 2024 | Direct | F5, F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AVDX | Restricted Stock Units | Options Exercise | $0 | -2.17K | -25% | $0.00 | 6.5K | May 15, 2024 | Common Stock | 2.17K | Direct | F1, F7 | |
| transaction | AVDX | Restricted Stock Units | Options Exercise | $0 | -9.79K | -12.5% | $0.00 | 68.6K | May 15, 2024 | Common Stock | 9.79K | Direct | F1, F8 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Upon vesting, restricted stock units convert into common stock on a one-for-one-basis. |
| F2 | The sales reported on this Form 4 represent shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction. |
| F3 | This transaction was executed in multiple trades at prices ranging from $11.16 to $11.38. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. |
| F4 | This transaction was executed in multiple trades at prices ranging from $11.12 to $11.27. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. |
| F5 | The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023. |
| F6 | This transaction was executed in multiple trades at prices ranging from $11.14 to $11.27. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. |
| F7 | On February 19, 2021, the reporting person was granted 34,684 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2021. |
| F8 | On March 16, 2022, the reporting person was granted 156,716 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2022. |
General Counsel and Secretary, Senior Vice President