Amit Mathradas - Sep 7, 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
Sep 7, 2021
Transactions value $
-$771,752
Form type
4
Date filed
9/8/2021, 08:32 PM
Previous filing
Aug 6, 2021
Next filing
Oct 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 +0.85% $55.10 92.7K Sep 7, 2021 Direct
transaction AVLR Common Stock Options Exercise $19.4K +289 +0.31% $67.27 93K Sep 7, 2021 Direct
transaction AVLR Common Stock Sale -$202K -1.08K -1.16% $187.24 91.9K Sep 7, 2021 Direct F1, F2
transaction AVLR Common Stock Sale -$289K -1.53K -1.67% $188.27 90.4K Sep 7, 2021 Direct F1, F3
transaction AVLR Common Stock Sale -$244K -1.29K -1.43% $189.08 89.1K Sep 7, 2021 Direct F1, F4
transaction AVLR Common Stock Sale -$99.5K -524 -0.59% $189.90 88.6K Sep 7, 2021 Direct F1, F5

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 -1.39% $0.00 55.9K Sep 7, 2021 Common Stock 785 $55.10 Direct F6
transaction AVLR Stock Option (right to buy) Options Exercise $0 -289 -1.27% $0.00 22.5K Sep 7, 2021 Common Stock 289 $67.27 Direct F7
* 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 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.61 to $187.59, 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 (5) to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.62 to $188.57, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.69 to $189.57, inclusive.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.85 to $189.96, inclusive.
F6 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.
F7 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