Christopher W. Walters - May 21, 2023 Form 4 Insider Report for AVANTAX, INC. (AVTA)

Signature
/s/ Tabitha T. Bailey, as Attorney-in-Fact for Christopher W. Walters
Stock symbol
AVTA
Transactions as of
May 21, 2023
Transactions value $
-$104,019
Form type
4
Date filed
5/23/2023, 05:18 PM
Previous filing
Jan 31, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTA Common Stock Tax liability -$104K -4.9K -1.38% $21.25 349K 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 404,738 performance-based RSUs of which (i) 116,666 are eligible to vest from 0% to 200% following the end of 2023, (ii) 169,683 are eligible to vest from 0% to 200% following the end of 2024 and (iii) 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 of the board of directors of the Issuer.