Amit Mathradas - Jul 6, 2021 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
President and Chief Operating Officer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Jul 6, 2021
Transactions value $
-$651,808
Form type
4
Date filed
7/7/2021, 05:13 PM
Previous filing
Jun 15, 2021
Next filing
Aug 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $43.3K +785 +0.8% $55.10 99.4K Jul 6, 2021 Direct
transaction AVLR Common Stock Options Exercise $19.4K +289 +0.29% $67.27 99.7K Jul 6, 2021 Direct
transaction AVLR Common Stock Sale -$715K -4.43K -4.44% $161.36 95.3K Jul 6, 2021 Direct F1

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 -785 -1.35% $0.00 57.5K Jul 6, 2021 Common Stock 785 $55.10 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -289 -1.24% $0.00 23.1K Jul 6, 2021 Common Stock 289 $67.27 Direct F3
* 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 adopted by the Reporting Person on August 11, 2020, and amended on May 14, 2021.
F2 25% of the total shares subject to the option vested and became exercisable on March 4, 2020, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on March 4, 2023.
F3 25% of the total shares subject to the option vested and became exercisable on March 5, 2021, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on March 5, 2024.

Remarks:

President and Chief Operating Officer