Christopher W. Walters - May 27, 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
May 27, 2022
Transactions value $
-$7,606
Form type
4
Date filed
6/1/2022, 05:14 PM
Previous filing
May 24, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTA Common Stock Options Exercise $162K +10.1K +3.07% $16.01 340K May 27, 2022 Direct F1
transaction AVTA Common Stock Tax liability -$170K -9.46K -2.78% $17.92 331K May 27, 2022 Direct F1, F2

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) Options Exercise $0 -10.1K -100% $0.00* 0 May 27, 2022 Common Stock 10.1K $16.01 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 654 shares of common stock on net exercise of option to purchase 10,118 shares of common stock. The reporting person forfeited 9,464 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on May 27, 2022 of $17.92.
F2 Not included in this amount are 361,263 performance-based RSUa 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.
F3 The Option was to have vested the earlier of May 28, 2016 or the date of the 2016 annual meeting of stockholders such that the option vested on May 24, 2016.