Alesia Lee Pinney - 26 Oct 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
26 Oct 2021
Net transactions value
-$1,125,284
Form type
4
Filing time
27 Oct 2021, 21:04:47 UTC
Previous filing
09 Aug 2021
Next filing
01 Dec 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 $77,339 +4,659 +12% $16.60 44,251 26 Oct 2021 Direct
transaction AVLR Common Stock Options Exercise $92,044 +2,315 +5.2% $39.76 46,566 26 Oct 2021 Direct
transaction AVLR Common Stock Options Exercise $16,347 +243 +0.52% $67.27 46,809 26 Oct 2021 Direct
transaction AVLR Common Stock Sale $619,831 -3,419 -7.3% $181.29 43,390 26 Oct 2021 Direct F1, F2
transaction AVLR Common Stock Sale $655,894 -3,605 -8.3% $181.94 39,785 26 Oct 2021 Direct F1, F3
transaction AVLR Common Stock Sale $35,290 -193 -0.49% $182.85 39,592 26 Oct 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 -4,659 -56% $0.000000 3,727 26 Oct 2021 Common Stock 4,659 $16.60 Direct F4
transaction AVLR Stock Option (right to buy) Options Exercise $0 -2,315 -24% $0.000000 7,408 26 Oct 2021 Common Stock 2,315 $39.76 Direct F5
transaction AVLR Stock Option (right to buy) Options Exercise $0 -243 -3.2% $0.000000 7,272 26 Oct 2021 Common Stock 243 $67.27 Direct F6
* 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 13, 2021.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.65 to $181.59, 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) and (3) to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.70 to $182.51, inclusive.
F4 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.
F5 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.
F6 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