Daniel E. Manning - Dec 7, 2021 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
VP & Chief Accounting Officer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Dec 7, 2021
Transactions value $
-$991,223
Form type
4
Date filed
12/8/2021, 04:04 PM
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $64.6K +4.69K +34.42% $13.76 18.3K Dec 7, 2021 Direct
transaction AVLR Common Stock Options Exercise $46.3K +2.79K +15.23% $16.60 21.1K Dec 7, 2021 Direct
transaction AVLR Common Stock Sale -$1.1M -7.48K -35.44% $147.30 13.6K Dec 7, 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 -4.69K -100% $0.00* 0 Dec 7, 2021 Common Stock 4.69K $13.76 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -2.79K -22.71% $0.00 9.5K Dec 7, 2021 Common Stock 2.79K $16.60 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.855 to $147.84, 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 range.
F2 25% of the total shares subject to the option vested and became exercisable on November 20, 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 November 30, 2020.
F3 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.