Alesia Lee Pinney - Aug 6, 2021 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
Executive Vice President, Chief Legal Officer, and Secretary
Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Aug 6, 2021
Transactions value $
-$236,239
Form type
4
Date filed
8/9/2021, 05:23 PM
Previous filing
Jul 7, 2021
Next filing
Jun 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $15.5K +931 +2.35% $16.60 40.5K Aug 6, 2021 Direct
transaction AVLR Common Stock Options Exercise $18.4K +463 +1.14% $39.76 41K Aug 6, 2021 Direct
transaction AVLR Common Stock Options Exercise $16.3K +242 +0.59% $67.27 41.2K Aug 6, 2021 Direct
transaction AVLR Common Stock Sale -$286K -1.64K -3.97% $175.05 39.6K Aug 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 -931 -9.99% $0.00 8.39K Aug 6, 2021 Common Stock 931 $16.60 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -463 -4.55% $0.00 9.72K Aug 6, 2021 Common Stock 463 $39.76 Direct F3
transaction AVLR Stock Option (right to buy) Options Exercise $0 -242 -3.12% $0.00 7.52K Aug 6, 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