Scott M. McFarlane - Dec 1, 2021 Form 4 Insider Report for AVALARA, INC. (AVLR)

Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Dec 1, 2021
Transactions value $
-$3,719,996
Form type
4
Date filed
12/2/2021, 04:07 PM
Previous filing
Nov 12, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $415K +30K +5.18% $13.84 609K Dec 1, 2021 Direct
transaction AVLR Common Stock Sale -$152K -1.13K -0.19% $133.76 608K Dec 1, 2021 Direct F1, F2
transaction AVLR Common Stock Sale -$747K -5.53K -0.91% $134.96 603K Dec 1, 2021 Direct F1, F3
transaction AVLR Common Stock Sale -$611K -4.5K -0.75% $135.67 598K Dec 1, 2021 Direct F1, F4
transaction AVLR Common Stock Sale -$81.9K -600 -0.1% $136.46 598K Dec 1, 2021 Direct F1, F5
transaction AVLR Common Stock Sale -$152K -1.1K -0.18% $138.14 597K Dec 1, 2021 Direct F1, F6
transaction AVLR Common Stock Sale -$1.81M -13K -2.18% $139.42 584K Dec 1, 2021 Direct F1, F7
transaction AVLR Common Stock Sale -$509K -3.63K -0.62% $140.21 580K Dec 1, 2021 Direct F1, F8
transaction AVLR Common Stock Sale -$70.6K -500 -0.09% $141.18 579K Dec 1, 2021 Direct F1, F9
holding AVLR Common Stock 109K Dec 1, 2021 By McFarlane Family Investments, LLC F10

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 -30K -100% $0.00* 0 Dec 1, 2021 Common Stock 30K $13.84 Direct F11
* 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 $133.27 to $134.26, 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 (9) to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.31 to $135.29, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.315 to $136.30, inclusive.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.38 to $136.70, inclusive.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.86 to $138.80, inclusive.
F7 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.91 to $139.88, inclusive.
F8 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.97 to $140.83, inclusive.
F9 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.03 to $141.65, inclusive.
F10 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.
F11 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