Todd C. Mackay - May 21, 2023 Form 4 Insider Report for AVANTAX, INC. (AVTA)

Role: President of Wealth Mgmt
Signature: /s/ Tabitha T. Bailey as Attorney-in-Fact for Todd C. Mackay
Stock symbol: AVTA
Transactions as of: May 21, 2023
Transactions value $: -$52,211
Form type: 4
Date filed: 5/23/2023, 05:15 PM
Previous filing: Jan 31, 2023
Next filing: Nov 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVTA	Common Stock	Tax liability	-$52.2K	-2.46K	-1.63%	$21.25	148K	May 21, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction represents the withholding by the Issuer of shares to pay taxes in connection with the vesting of restricted stock units ("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.
F2	Not included in this amount are 77,943 performance-based RSUs of which (i) 23,333 are eligible to vest from 0% to 200% following the end of 2023 and (ii) 31,702 are eligible to vest from 0% to 200% following the end of 2024 and (iii) 22,908 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 of the board of directors of the issuer.

Content

This transaction represents the withholding by the Issuer of shares to pay taxes in connection with the vesting of restricted stock units ("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.

Not included in this amount are 77,943 performance-based RSUs of which (i) 23,333 are eligible to vest from 0% to 200% following the end of 2023 and (ii) 31,702 are eligible to vest from 0% to 200% following the end of 2024 and (iii) 22,908 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 of the board of directors of the issuer.