Ross Tennenbaum - 06 Jul 2021 Form 4 Insider Report for AVALARA, INC.

Role
Chief Financial Officer and Treasurer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
06 Jul 2021
Net transactions value
-$159,932
Form type
4
Filing time
07 Jul 2021, 17:28:18 UTC
Previous filing
08 Jun 2021
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $51,023 +926 +1.4% $55.10 65,643 06 Jul 2021 Direct
transaction AVLR Common Stock Options Exercise $43,995 +654 +1% $67.27 66,297 06 Jul 2021 Direct
transaction AVLR Common Stock Sale $254,949 -1,580 -2.4% $161.36 64,717 06 Jul 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 -926 -4.8% $0.000000 18,519 06 Jul 2021 Common Stock 926 $55.10 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -654 -3% $0.000000 20,931 06 Jul 2021 Common Stock 654 $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 originally adopted by the Reporting Person on March 9, 2020, and amended on February 16, 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:

Chief Financial Officer and Treasurer