Christopher W. Walters - Jan 3, 2022 Form 4 Insider Report for BLUCORA, INC. (AVTA)

Role
Chief Executive Officer, Director
Signature
/s/ Ann J. Bruder, as Attorney-in-Fact for Christopher W. Walters
Stock symbol
AVTA
Transactions as of
Jan 3, 2022
Transactions value $
-$199,930
Form type
4
Date filed
1/5/2022, 03:40 PM
Previous filing
Dec 16, 2021
Next filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTA Common Stock Award $0 +56.6K +18.88% $0.00 356K Jan 3, 2022 Direct F1
transaction AVTA Common Stock Tax liability -$200K -11.2K -3.15% $17.80 345K Jan 4, 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVTA Stock Option (Right to Buy) Award $0 +136K $0.00 136K Jan 3, 2022 Common Stock 136K $17.68 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units ("RSUs") that was made to the reporting person on January 3, 2022 and that will vest equally over a three-year period on each anniversary of the grant date.
F2 This transaction represents the withholding by the Issuer of shares to pay taxes in connection with the vesting of RSUs. The timing and amount of the transaction were determined by the terms of the applicable restricted stock unit award and were not within the control of the reporting person.
F3 Not included in this amount are 361,263 performance-based RSUs of which (i) 74,914 are eligible to vest from 0% to 200% following the end of 2022, (ii) 116,666 are eligible to vest from 0% to 200% following the end of 2023 and (iii) 169,683 are eligible to vest from 0% to 200% following the end of 2024. Vesting for each award is subject to the Issuer's achievement of certain financial goals and certification by the Compensation Committee.
F4 Reflects a grant of a non-qualified stock option to the reporting person. The option vests according to the following schedule: one-third vests on January 3, 2023, an additional one-third vests on January 3, 2024 and the remaining one-third will vest on January 3, 2025, such that the option will be fully vested on January 3, 2025.