Christopher W. Walters - Jan 3, 2023 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, 2023
Transactions value $: -$500,317
Form type: 4
Date filed: 1/5/2023, 06:33 PM
Previous filing: Jun 1, 2022
Next filing: Jan 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVTA	Common Stock	Award	$0	+39.5K	+11.93%	$0.00	370K	Jan 3, 2023	Direct	F1
transaction	AVTA	Common Stock	Tax liability	-$124K	-4.91K	-1.33%	$25.34	365K	Jan 3, 2023	Direct	F2
transaction	AVTA	Common Stock	Tax liability	-$376K	-14.6K	-4%	$25.72	351K	Jan 4, 2023	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	+103K		$0.00	103K	Jan 3, 2023	Common Stock	103K	$25.34	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, 2023 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 479,652 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, (iii) 169,683 are eligible to vest from 0% to 200% following the end of 2024 and (iv) 118,389 are eligible to vest from 0% to 200% following the end of 2025. 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 on January 3, 2023. The option vests according to the following schedule: one-third vests on January 3, 2024, an additional one-third vests on January 3, 2025, and the remaining one-third will vest on January 3, 2026, such that the option will be fully vested on January 3, 2026.