Alesia Lee Pinney - 06 Jul 2021 Form 4 Insider Report for AVALARA, INC.

Role
Executive Vice President, Chief Legal Officer, and Secretary
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
06 Jul 2021
Net transactions value
-$213,987
Form type
4
Filing time
07 Jul 2021, 17:37:32 UTC
Previous filing
15 Jun 2021
Next filing
09 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 $15,471 +932 +2.4% $16.60 40,524 06 Jul 2021 Direct
transaction AVLR Common Stock Options Exercise $18,409 +463 +1.1% $39.76 40,987 06 Jul 2021 Direct
transaction AVLR Common Stock Options Exercise $16,279 +242 +0.59% $67.27 41,229 06 Jul 2021 Direct
transaction AVLR Common Stock Sale $264,146 -1,637 -4% $161.36 39,592 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 -932 -9.1% $0.000000 9,317 06 Jul 2021 Common Stock 932 $16.60 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -463 -4.3% $0.000000 10,186 06 Jul 2021 Common Stock 463 $39.76 Direct F3
transaction AVLR Stock Option (right to buy) Options Exercise $0 -242 -3% $0.000000 7,757 06 Jul 2021 Common Stock 242 $67.27 Direct F4
* 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.
F2 25% of the total shares subject to the option vested and became exercisable on January 1, 2019, 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 January 1, 2022.
F3 25% of the total shares subject to the option vested and became exercisable on January 1, 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 January 1, 2023.
F4 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:

Executive Vice President, Chief Legal Officer, and Secretary