Scott M. McFarlane - 12 Jul 2021 Form 4 Insider Report for AVALARA, INC.

Role
Chairman and Chief Executive Officer, Director
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
12 Jul 2021
Net transactions value
-$4,351,664
Form type
4
Filing time
13 Jul 2021, 18:03:09 UTC
Previous filing
15 Jun 2021
Next filing
12 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 $88,823 +7,198 +1.2% $12.34 586,668 12 Jul 2021 Direct
transaction AVLR Common Stock Options Exercise $315,580 +22,802 +3.9% $13.84 609,470 12 Jul 2021 Direct
transaction AVLR Common Stock Sale $2,571,630 -16,304 -2.7% $157.73 593,166 12 Jul 2021 Direct F1, F2
transaction AVLR Common Stock Sale $1,190,668 -7,514 -1.3% $158.46 585,652 12 Jul 2021 Direct F1, F3
transaction AVLR Common Stock Sale $479,040 -3,000 -0.51% $159.68 582,652 12 Jul 2021 Direct F1, F4
transaction AVLR Common Stock Sale $300,321 -1,865 -0.32% $161.03 580,787 12 Jul 2021 Direct F1, F5
transaction AVLR Common Stock Sale $214,408 -1,317 -0.23% $162.80 579,470 12 Jul 2021 Direct F1, F6
holding AVLR Common Stock 109,375 12 Jul 2021 By McFarlane Family Investments, LLC F7

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 -7,198 -100% $0.000000* 0 12 Jul 2021 Common Stock 7,198 $12.34 Direct F8
transaction AVLR Stock Option (right to buy) Options Exercise $0 -22,802 -13% $0.000000 150,000 12 Jul 2021 Common Stock 22,802 $13.84 Direct F9
* 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 $157.05 to $158.04, 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 (6) to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.064 to $158.87, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.36 to $159.87, inclusive.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.84 to $161.52, inclusive.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.60 to $163.23, inclusive.
F7 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.
F8 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.
F9 25% of the total shares subject to the option vested and became exercisable on January 1, 2018, 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 January 1, 2021.

Remarks:

Chairman and Chief Executive Officer