Scott M. McFarlane - May 10, 2021 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
Chairman and Chief Executive Officer, Director
Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
May 10, 2021
Transactions value $
-$3,265,644
Form type
4
Date filed
5/11/2021, 05:36 PM
Next filing
Jun 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $370K +30K +4.96% $12.34 634K May 10, 2021 Direct
transaction AVLR Common Stock Sale -$1.75M -14.5K -2.29% $120.55 620K May 10, 2021 Direct F1, F2
transaction AVLR Common Stock Sale -$1.41M -11.6K -1.88% $121.56 608K May 10, 2021 Direct F1, F3
transaction AVLR Common Stock Sale -$376K -3.07K -0.51% $122.32 605K May 10, 2021 Direct F1, F4
transaction AVLR Common Stock Sale -$94.9K -769 -0.13% $123.35 604K May 10, 2021 Direct F1
holding AVLR Common Stock 109K May 10, 2021 By McFarlane Family Investments, LLC F5

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 AVLR Stock Option (right to buy) Options Exercise $0 -30K -44.64% $0.00 37.2K May 10, 2021 Common Stock 30K $12.34 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan originally adopted by the Reporting Person on December 9, 2019, and amended on August 11, 2020.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.036 to $121.011, inclusive. Upon request by the Issuer, any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (4) to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.04 to $122.00, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.28 to $122.44, inclusive.
F5 The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by McFarlane Family Investments, LLC, of which the Reporting Person is the sole manager and a member, except to the extent of his pecuniary interest therein, if any.
F6 25% of the total shares subject to the option vested and became exercisable on May 5, 2017, and 1/48th of the total shares subject to the option vested and became exercisable monthly thereafter such that the option was fully vested and exercisable on May 5, 2020.

Remarks:

Chairman and Chief Executive Officer