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

Role
Chief Financial Officer and Treasurer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
15 Feb 2022
Net transactions value
-$64,278
Form type
4
Filing time
16 Feb 2022, 17:11:52 UTC
Previous filing
09 Feb 2022
Next filing
09 Mar 2022
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 $51,023 +926 +1% $55.10 89,982 15 Feb 2022 Direct
transaction AVLR Common Stock Options Exercise $43,995 +654 +0.73% $67.27 90,636 15 Feb 2022 Direct
transaction AVLR Common Stock Sale $159,296 -1,580 -1.7% $100.82 89,056 15 Feb 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 -5.9% $0.000000 14,741 15 Feb 2022 Common Stock 926 $55.10 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -654 -3.8% $0.000000 16,353 15 Feb 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