Ross Tennenbaum - Feb 15, 2022 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
Chief Financial Officer and Treasurer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Feb 15, 2022
Transactions value $
-$64,278
Form type
4
Date filed
2/16/2022, 05:11 PM
Previous filing
Feb 9, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $51K +926 +1.04% $55.10 90K Feb 15, 2022 Direct
transaction AVLR Common Stock Options Exercise $44K +654 +0.73% $67.27 90.6K Feb 15, 2022 Direct
transaction AVLR Common Stock Sale -$159K -1.58K -1.74% $100.82 89.1K Feb 15, 2022 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 -926 -5.91% $0.00 14.7K Feb 15, 2022 Common Stock 926 $55.10 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -654 -3.85% $0.00 16.4K Feb 15, 2022 Common Stock 654 $67.27 Direct F3
* 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 March 9, 2020, and amended on February 16, 2021.
F2 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.
F3 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:

Chief Financial Officer and Treasurer